VAHAN regn as of 1st May.
Apr’24 is lower MoM, but is the highest ever Apr month VAHAN Regn. Seasonal trend seems to have kicked in, with lower volumes in Apr-Jun qtr. If Apr/May Regn volumes are a bottom kind of figure, it still works out great for ACE in FY25, time will tell. On target to cross 10K Regn for CY 2024.
The other updates on 80 Acre land acquisition, capex, defence orders, etc might have to be seen from company for valuation upside.
Do Note VAHAN Regn will be directly related to ACE sales numbers, but will not capture non-road equipment sales.
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