India Nippon Electricals, TVS Lucas Group Co , delivers highest ever PBT.
Q1FY26 PBT stood @ Rs.30.45 Cr Vs Q4 FY25 was Rs.29.9 Cr
& Q1 FY25 was Rs.23.3 Cr.
Sequential Quarterly Growth is impressive, beating our own estimates of Rs.29 Cr.
This commands upward revision of our Full Year FY26 PBT Estimate from Rs.132 Cr to Rs.140 Cr.
Thus the tax component paid in Q1 is the highest ever @Rs.7.24 Cr which also means that the full year Tax target is close to Rs.40+ Cr. which is now inline with our re rated projections.
We have revised our Full Year revenue guidance from Rs.928 Cr to Rs.998 Cr.
Net Profit guidance from Rs.103 Cr to Rs.110 Cr
And EPS guidance from Rs46 Per Share to Rs.49+ Per Share.
At CMP stock is trading at x16 Current Years Earnings and with impressive growth rate, PE expansion from 23 to 25 is easily possible hence our revised price potential band is 23x49=1125 to 25x49 = 1225, giving a healthy upside of 40% to 50%+.
Q1FY26 PBT stood @ Rs.30.45 Cr Vs Q4 FY25 was Rs.29.9 Cr
& Q1 FY25 was Rs.23.3 Cr.
Sequential Quarterly Growth is impressive, beating our own estimates of Rs.29 Cr.
This commands upward revision of our Full Year FY26 PBT Estimate from Rs.132 Cr to Rs.140 Cr.
Thus the tax component paid in Q1 is the highest ever @Rs.7.24 Cr which also means that the full year Tax target is close to Rs.40+ Cr. which is now inline with our re rated projections.
We have revised our Full Year revenue guidance from Rs.928 Cr to Rs.998 Cr.
Net Profit guidance from Rs.103 Cr to Rs.110 Cr
And EPS guidance from Rs46 Per Share to Rs.49+ Per Share.
At CMP stock is trading at x16 Current Years Earnings and with impressive growth rate, PE expansion from 23 to 25 is easily possible hence our revised price potential band is 23x49=1125 to 25x49 = 1225, giving a healthy upside of 40% to 50%+.
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