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Net Sales are expected to increase by 6 percent Y-o-Y (down 4.6 percent Q-o-Q) to Rs. 4,071 crore, according to PL Capital.
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We believe the current stock prices offer favourable risk-to-reward to investors, given the strong standing of these companies, and rising demand both from the automotive and the industrial segments. Moreover, the chip shortage issue is expected to normalise in the months to come
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Net Sales are expected to increase by 4 percent Y-o-Y (up 15.2 percent Q-o-Q) to Rs 2,863.5 crore, according to Motilal Oswal.
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Net Sales are expected to increase by 48.1 percent Y-o-Y (down 22 percent Q-o-Q) to Rs 2,292 crore, according to Sharekhan.
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Battery makers Amara Raja Batteries and Exide Industries are expected to remain strong this time too aided by replacement demand
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Given an increasing focus on clean mobility, the share prices of two battery manufacturers -- Amara Raja Battery (ARBL) and Exide Industries -- have run up sharply
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Net Sales are expected to increase by 22.4 percent Y-o-Y (up 7.2 percent Q-o-Q) to Rs. 2,952 crore, according to ICICI Direct.
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Net Sales are expected to decrease by 11 percent Y-o-Y (up 51 percent Q-o-Q) to Rs. 2,334 crore, according to ICICI Direct.
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Battery companies fared much better than most other auto ancillary companies during Q1 FY21. The better numbers were driven by a recovery in the automotive replacement market and lower raw material costs
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Amara Raja and Exide both earn around 45 percent of their respective total revenues from replacement demand.
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Nomura upgraded stock to buy from neutral and raised target price to Rs 222 from Rs 203 per share, implying 19 percent potential upside from current levels.
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Net Sales are expected to decrease by 3.9 percent Y-o-Y (down 5.9 percent Q-o-Q) to Rs. 2,614.6 crore, according to ICICI Direct.
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Net Sales are expected to increase by 0.4 percent Y-o-Y (up 7.1 percent Q-o-Q) to Rs. 2,783.8 crore, according to Kotak.
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Net Sales are expected to decrease by 5 percent Y-o-Y (up 1.4 percent Q-o-Q) to Rs. 2,633.8 crore, according to Prabhudas Lilladher.
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Net Sales are expected to increase by 7 percent Y-o-Y (up 5.4 percent Q-o-Q) to Rs. 2,631.6 crore, according to Sharekhan.
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Net Sales are expected to increase by 7.5 percent Y-o-Y (up 5.9 percent Q-o-Q) to Rs. 2,643.9 crore, according to Prabhudas Lilladher.
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Net Sales are expected to increase by 12.5 percent Y-o-Y (down 5.8 percent Q-o-Q) to Rs. 2,563.1 crore, according to Motilal Oswal.
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Challenges relating to tight liquidity and low buying sentiment continue to weigh on sales growth.
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Net Sales are expected to increase by 14.5 percent Y-o-Y (down 2.7 percent Q-o-Q) to Rs. 2,698.4 crore, according to Prabhudas Lilladher.
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Net Sales are expected to increase by 17.5 percent Y-o-Y (up 0.5 percent Q-o-Q) to Rs. 2,786.3 crore, according to Motilal Oswal.
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Demand from telecom, within the industrial segment, continues to be a spot of bother. What is eating into the profitability of battery manufacturers is higher lead and sulphuric acid prices
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Net Sales are expected to increase by 16.8 percent Y-o-Y (down 2 percent Q-o-Q) to Rs. 2,456.8 crore, according to ICICI.
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Net Sales are expected to increase by 19.6 percent Y-o-Y (up 2.3 percent Q-o-Q) to Rs. 2,515.6 crore, according to Kotak.
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Battery, being an essential component for an EV, would force a paradigm shift in the way these companies operate and could radically alter their fortunes depending on how well they adapt to the new reality.
