Sona Comstar Q3 Review - Beat Estimate, Led By Reduced Raw Material Cost, Favorable Product Mix: Motilal Oswal

"NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motilal Oswal Report.Sona BLW Precision Forgings Ltd.'s Q3 FY24 results surpassed our estimates, led by better product mix and lower raw material costs, resulting in an Ebitda margin of 29.3% (versus estimates. 27.8%). Although the operational performance was healthy, we expect the margins to moderate in the future as raw material costs and product mix normalize.Sona Comstar’s focus on expanding in electric vehicle continue with battery electric vehicle contributing ~30% to the revenue (versus 26%/27% in FY23/Q2 FY24).We largely maintain our FY24E/25E earning per share. We believe the current valuations of ~64.6 times /49 times FY24/25E EPS factor in its strong EV order book as well as superior earnings and return profile.We reiterate our Neutral stance on the stock with a target price of Rs 610 (based on ~45 times December 2025E consolidated EPS)..Click on the attachment to read the full report:.Can Fin Homes Q3 Results Review - Better Quarters In Store: Yes Securities.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner."

Sona Comstar Q3 Review - Beat Estimate, Led By Reduced Raw Material Cost, Favorable Product Mix: Motilal Oswal

Ebitda margin guidance revised to ~28% from earlier guidance of 25-27%.

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Sona Comstar Q3 Review - Beat Estimate, Led By Reduced Raw Material Cost, Favorable Product Mix: Motilal Oswal

Ebitda margin guidance revised to ~28% from earlier guidance of 25-27%.

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