Name: Latest research reports of Amara Raja Energy & Mobility Ltd. authored by Anand Rathi and published by - Trendlyne research reports.
Item: Amara Raja Energy & Mobility Ltd.
Rating: 3
Author: Anand Rathi

Greater potential; upgrading to a Hold

Hold: Amara Raja Energy & Mobili...

Recommendation Target

Anand Rathi

Belieing our Rs5bn estimate, Amara Raja’s Q2 standalone EBITDA grew 14% y/y to Rs4.4bn due to the lower-than-expected gross margin.