Very solid quarterly numbers from FM.
With Q2-2024 total sales of 9040 vehicles, FM is expected to report sales of Rs.1790 crore (a rough estimate). With a margin of 10 to 12 % it can report PAT of Rs.96 crore and Rs.132 crore respectively, alongwith EPS of Rs.76 and Rs.103.
Production figures are also very encouraging, hinting at least similar sales numbers.
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