cheap canada goose “While revenue growth and earnings are expected to gather pace gradually, we like Greaves cost based leadership position in 3 wheeler industry.Management highlighted aftermarket business continued to do well and grew in double digits during the quarter, led by newly introduced multi brands spares business. DG set segment too sustained improvement in volumes (840 units versus 460 units in Q3FY17), led by market share improvement and ramp up of the new node launched by the company.Trident Q1 profit down 92% to Rs 10 croreHDFC Bank Q1 profit jumps 20% to Rs 6,658.6 crore, loan growth lifts NII 18%Rakesh Jhunjhunwala raises stake in Rallis India, Radhakishan Damani firm offloads shares in Blue DartWhile the research firm remained positive on growth prospects of 3W industry, key monitorables are acceptance and ramp up of new engines launched by Greaves; Bajaj Auto getting aggressive in the 3W cargo space where Greaves has more than 80 percent market share, it says.Overall 3W industry in Q3 declined 18 percent, while cargo grew 7 percent. It reported flat revenue growth for the quarter.Company’s Q3FY17 EBITDA margin (at 15.1 percent) dipped 180bps impacted by negative operating leverage and adverse product mix, as auto engine volumes fell more than 15 percent hurt by demonetisation, though has picked up in February.However, Edelweiss trimmed its FY17/18 EPS estimates by 10 percent building in impact of demonetisation and delayed recovery in 3W industry.At 15:09 hours IST, the stock was quoting at Rs 153.50, up Rs 10.65, or 7.46 percent on the BSE.First Published on Feb 17, 2017 03:23 pmtags Buzzing Stocks earnings Edelweiss Greaves Cotton ResultsPortfolio Markets Watchlist Live TV Show Currencies Commodities Fixed Income Personal Finance Mutual Fund Stock Market India IPO Global MarketStock Screener Budget 2020 BSE Sensex Forum News.
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