Recommendation: Reduce; Target Price: Rs 1135
Profit After Tax (PAT) shows a 5.3% YoY decrease, settling at Rs 129.9 crore
The collaboration highlights strategic Indo-French cooperation, emphasizing the joint development and manufacture of aircraft engines
Earnings before interest, taxes, depreciation, and amortization (EBITDA) rises to Rs 1373.5 crore, with a margin of 19%
Recommendation: Buy; Target Price: Rs 115
The infusion of funds will be utilized for R&D, capital expenditures, and fulfilling operating needs in India and the UK.
According to a regulatory statement, its consolidated net profit for the quarter that ended on September 30, 2022, was Rs 445.44 crore.
As per the company's BSE report, as of September 30, its total order book was Rs 32,152 crore.
In a statement outlining the reasoning behind the choice, ICICI Bank stated that it does not anticipate having to provide the company with further capital infusion.
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