Key Points
JLR volumes (excluding China JV) are expected to remain flat quarter-on-quarter, led by a strong order book, leading to flat QoQ revenues in the first quarteriStock..
EBITDA margin is expected to decline on a QoQ basis, largely led by adverse mix and lower volumes in the standalone (CV) business vertical...
It expects standalone business revenues to increase by 2% YoY in 1QFY24 led by 15% QoQ decline in volumes due to weak demand trends in LCV segment and 20% YoY increases in ASPs..
It expects a revenue decline of 5% led by lower volumes at CV and JLR and mixed ASP performance across segments..
Despite Q4 used to be a seasonally strong quarter compared to Q1, revenue is expected to decline by mere 3.6% quarter-on-quarter and EBITDA margin will likely be flat on QoQ due to healthy performance in the JLR segment...
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