{"id":3524,"date":"2019-01-11T15:21:03","date_gmt":"2019-01-11T15:21:03","guid":{"rendered":"http:\/\/financeintellect.com\/home-page\/home\/?p=3524"},"modified":"2019-01-11T15:21:03","modified_gmt":"2019-01-11T15:21:03","slug":"positive-q3-result-expectation-slower-growth-expected-going-forward","status":"publish","type":"post","link":"https:\/\/financeintellect.com\/home-page\/home\/positive-q3-result-expectation-slower-growth-expected-going-forward\/","title":{"rendered":"Positive Q3 result expectation; slower growth expected going forward."},"content":{"rendered":"<p class=\"m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-MsoNoSpacing\"><span lang=\"EN-IN\"><span style=\"font-family: verdana, sans-serif\">In Q3FY19, tractors, two-wheelers\u00a0<span id=\"m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-73\" class=\"m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_ m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_73 m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr-alert m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_gramm m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_inline_cards m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_run_anim m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-Punctuation m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-only-ins m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-replaceWithoutSep\">and<\/span>\u00a0three-wheelers\u00a0have reported a strong growth YoY. LCVs continue their steady growth. Volumes in the M&amp;HCV segment declined YoY primarily due to the wait in the launch of newer higher gross weight axle models while passenger segment reported dismal performance. The lower raw material prices will assist margins. The\u00a0<span id=\"m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-74\" class=\"m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_ m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_74 m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr-alert m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_spell m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_inline_cards m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_run_anim m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-ContextualSpelling m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-multiReplace\">tyre<\/span>\u00a0pack should report a revenue growth YoY along-with expansion in margins QoQ. We pick Escorts, JK Tyres, Atul Auto as top performers of the quarter. We also expect Balkrishna Industries and Swaraj Engines to report a strong set of numbers for the current quarter.<\/span><\/span><\/p>\n<p class=\"m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-MsoNoSpacing\"><span lang=\"EN-IN\"><span style=\"font-family: verdana, sans-serif\">\u00a0<\/span><\/span><span style=\"font-family: verdana, sans-serif\"><b><span lang=\"EN-IN\">OEM performance<\/span><\/b><span lang=\"EN-IN\">.\u00a0In two-wheelers, TVS Motors outperformed its peers. In three-wheelers, Atul Auto reported one of its strongest quarterly growth. Ashok Leyland&#8217;s earnings would decline due to a 17% YoY decline in its M&amp;HCV volumes.<\/span><\/span><\/p>\n<p class=\"m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-MsoNoSpacing\"><span lang=\"EN-IN\"><span style=\"font-family: verdana, sans-serif\">\u00a0<\/span><\/span><span style=\"font-family: verdana, sans-serif\"><b><span lang=\"EN-IN\">Agri-related business picks up<\/span><\/b><span lang=\"EN-IN\">.\u00a0Tractor volumes grew steadily. We expect Escorts and Swaraj Engines to report strong revenue, EBITDA and PAT growth. However, tillers have been hit. VST Tillers&#8217; revenues and earnings we expect to have declined respectively 25% and 68% YoY.\u00a0\u00a0<\/span><\/span><\/p>\n<p class=\"m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-MsoNoSpacing\"><span lang=\"EN-IN\"><span style=\"font-family: verdana, sans-serif\">\u00a0<\/span><\/span><span style=\"font-family: verdana, sans-serif\"><b><span id=\"m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-63\" class=\"m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_ m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_63 m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr-alert m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_spell m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_inline_cards m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_run_anim m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-ContextualSpelling m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-multiReplace\"><span lang=\"EN-IN\">Tyre<\/span><\/span>\u00a0companies:<\/b><span lang=\"EN-IN\">\u00a0OEM growth for M&amp;H CV\u00a0<span id=\"m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-64\" class=\"m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_ m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_64 m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr-alert m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_spell m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_inline_cards m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_run_anim m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-ContextualSpelling m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-multiReplace\">tyres<\/span>\u00a0was negative. Our channel check suggests that replacement demand for truck\u00a0<span id=\"m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-65\" class=\"m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_ m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_65 m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr-alert m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_spell m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_inline_cards m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_run_anim m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-ContextualSpelling m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-multiReplace\">tyres<\/span>\u00a0(radial) has been very strong. Most\u00a0<span id=\"m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-66\" class=\"m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_ m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_66 m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr-alert m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_spell m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_inline_cards m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_run_anim m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-ContextualSpelling m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-multiReplace\">tyre<\/span>\u00a0OEs are running full capacity\u00a0<span id=\"m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-67\" class=\"m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_ m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_67 m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr-alert m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_spell m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_inline_cards m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_run_anim m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-ContextualSpelling m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-multiReplace\">utilisation<\/span>\u00a0on their radial\u00a0<span id=\"m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-68\" class=\"m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_ m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_68 m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr-alert m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_spell m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_inline_cards m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_run_anim m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-ContextualSpelling m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-multiReplace\">tyre<\/span>\u00a0capacity. At the same time, growth in the farm sub-segment (tractors) has been phenomenal. Thus, we expect capacity\u00a0<span id=\"m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-69\" class=\"m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_ m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_69 m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr-alert m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_spell m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_inline_cards m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_run_anim m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-ContextualSpelling m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-multiReplace\">utilisation<\/span>\u00a0in &#8220;bias&#8221;\u00a0<span id=\"m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-70\" class=\"m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_ m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_70 m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr-alert m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_spell m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_inline_cards m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_run_anim m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-ContextualSpelling m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-multiReplace\">tyres<\/span>\u00a0would be much higher.<\/span><\/span><\/p>\n<p class=\"m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-MsoNoSpacing\"><span lang=\"EN-IN\"><span style=\"font-family: verdana, sans-serif\">\u00a0<\/span><\/span><span lang=\"EN-IN\"><span style=\"font-family: verdana, sans-serif\">The LCV\u00a0<span id=\"m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-55\" class=\"m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_ m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_55 m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr-alert m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_spell m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_inline_cards m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_run_anim m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-ContextualSpelling m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-multiReplace\">tyre<\/span>\u00a0segment continues to report strong off-take, but the passenger vehicle\u00a0<span id=\"m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-56\" class=\"m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_ m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_56 m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr-alert m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_spell m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_inline_cards m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_run_anim m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-ContextualSpelling m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-multiReplace\">tyres<\/span>\u00a0have seen some slowdown. The two-wheeler and\u00a0<span id=\"m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-105\" class=\"m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_ m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_105 m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr-alert m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_spell m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_inline_cards m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_run_anim m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-ContextualSpelling m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-ins-del m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-multiReplace\">three-wheeler\u00a0OEM sales have been strong during the quarter, so we expect these\u00a0<span id=\"m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-57\" class=\"m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_ m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_57 m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr-alert m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_spell m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_inline_cards m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_run_anim m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-ContextualSpelling m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-multiReplace\">tyres<\/span>\u00a0to witness decent growth.<\/span><\/span><\/span><\/p>\n<p class=\"m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-MsoNoSpacing\"><span lang=\"EN-IN\"><span style=\"font-family: verdana, sans-serif\">\u00a0<\/span><\/span><span lang=\"EN-IN\"><span style=\"font-family: verdana, sans-serif\">Overall, we expect\u00a0<span id=\"m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-60\" class=\"m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_ m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_60 m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr-alert m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_gramm m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_inline_cards m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_run_anim m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-Grammar m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-only-del m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-replaceWithoutSep\">a revenue<\/span>\u00a0growth in the range of 14-18% for most players.\u00a0The benign natural rubber prices and the sharp correction in crude derivatives will have a positive impact on the margins sequentially.<\/span><\/span><\/p>\n<p class=\"m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-MsoNoSpacing\"><span style=\"font-family: verdana, sans-serif\"><b><span lang=\"EN-IN\">Our top picks.<\/span><\/b><span lang=\"EN-IN\">\u00a0Our top picks are Escorts, JK Tyres\u00a0<span id=\"m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-58\" class=\"m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_ m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_58 m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr-alert m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_gramm m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_inline_cards m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-gr_run_anim m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-Punctuation m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-only-ins m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-replaceWithoutSep\">and<\/span>\u00a0Atul Auto. We are also positive on Balkrishna Industries and Swaraj Engines, expecting positive earnings growth from them.<\/span><\/span><\/p>\n<p class=\"m_6723787313665563526m_7193832599084940598m_-5808312873078591599gmail-MsoNoSpacing\"><span lang=\"EN-IN\"><span style=\"font-family: verdana, sans-serif\">\u00a0<\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In Q3FY19, tractors, two-wheelers\u00a0and\u00a0three-wheelers\u00a0have reported a strong growth YoY. LCVs continue their steady growth. Volumes in the M&amp;HCV segment declined YoY primarily due to the wait in the launch of newer higher gross weight axle models while passenger segment reported dismal performance. The lower raw material prices will assist margins. The\u00a0tyre\u00a0pack should report a revenue [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":3525,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8],"tags":[3210,3209,1892],"class_list":["post-3524","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-india-inc","tag-three-wheelers","tag-tractors","tag-two-wheelers"],"aioseo_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Positive Q3 result expectation; slower growth expected going forward. - Finance Intellect<\/title>\n<meta name=\"description\" content=\"In Q3FY19, tractors, two-wheelers\u00a0and\u00a0three-wheelers\u00a0have reported a strong growth YoY. LCVs continue their steady growth. Volumes in the M&amp;HCV segment declined YoY primarily due to the wait in the launch of newer higher gross weight axle models while passenger segment reported dismal performance. The lower raw material prices will assist margins. The\u00a0tyre\u00a0pack should report a revenue growth YoY along-with expansion in margins QoQ. We pick Escorts, JK Tyres, Atul Auto as top performers of the quarter. We also expect Balkrishna Industries and Swaraj Engines to report a strong set of numbers for the current quarter.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/financeintellect.com\/home-page\/home\/positive-q3-result-expectation-slower-growth-expected-going-forward\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Positive Q3 result expectation; slower growth expected going forward. - Finance Intellect\" \/>\n<meta property=\"og:description\" content=\"In Q3FY19, tractors, two-wheelers\u00a0and\u00a0three-wheelers\u00a0have reported a strong growth YoY. LCVs continue their steady growth. Volumes in the M&amp;HCV segment declined YoY primarily due to the wait in the launch of newer higher gross weight axle models while passenger segment reported dismal performance. The lower raw material prices will assist margins. The\u00a0tyre\u00a0pack should report a revenue growth YoY along-with expansion in margins QoQ. We pick Escorts, JK Tyres, Atul Auto as top performers of the quarter. We also expect Balkrishna Industries and Swaraj Engines to report a strong set of numbers for the current quarter.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/financeintellect.com\/home-page\/home\/positive-q3-result-expectation-slower-growth-expected-going-forward\/\" \/>\n<meta property=\"og:site_name\" content=\"Finance Intellect\" \/>\n<meta property=\"article:published_time\" content=\"2019-01-11T15:21:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/financeintellect.com\/wp-content\/uploads\/2019\/01\/Positive-Q3-result-expectation-slower-growth-expected-going-forward..jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"299\" \/>\n\t<meta property=\"og:image:height\" content=\"168\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"FI Online\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Fin_Intellect\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"FI Online\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/positive-q3-result-expectation-slower-growth-expected-going-forward\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/positive-q3-result-expectation-slower-growth-expected-going-forward\/\"},\"author\":{\"name\":\"FI Online\",\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/#\/schema\/person\/a90045187089bff33d502ca60561a130\"},\"headline\":\"Positive Q3 result expectation; slower growth expected going forward.\",\"datePublished\":\"2019-01-11T15:21:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/positive-q3-result-expectation-slower-growth-expected-going-forward\/\"},\"wordCount\":355,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/positive-q3-result-expectation-slower-growth-expected-going-forward\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/financeintellect.com\/wp-content\/uploads\/2019\/01\/Positive-Q3-result-expectation-slower-growth-expected-going-forward..jpg\",\"keywords\":[\"three-wheelers\",\"tractors\",\"two-wheelers\"],\"articleSection\":[\"India Inc\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/financeintellect.com\/home-page\/home\/positive-q3-result-expectation-slower-growth-expected-going-forward\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/positive-q3-result-expectation-slower-growth-expected-going-forward\/\",\"url\":\"https:\/\/financeintellect.com\/home-page\/home\/positive-q3-result-expectation-slower-growth-expected-going-forward\/\",\"name\":\"Positive Q3 result expectation; slower growth expected going forward. - Finance Intellect\",\"isPartOf\":{\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/positive-q3-result-expectation-slower-growth-expected-going-forward\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/positive-q3-result-expectation-slower-growth-expected-going-forward\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/financeintellect.com\/wp-content\/uploads\/2019\/01\/Positive-Q3-result-expectation-slower-growth-expected-going-forward..jpg\",\"datePublished\":\"2019-01-11T15:21:03+00:00\",\"author\":{\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/#\/schema\/person\/a90045187089bff33d502ca60561a130\"},\"description\":\"In Q3FY19, tractors, two-wheelers\u00a0and\u00a0three-wheelers\u00a0have reported a strong growth YoY. LCVs continue their steady growth. Volumes in the M&HCV segment declined YoY primarily due to the wait in the launch of newer higher gross weight axle models while passenger segment reported dismal performance. The lower raw material prices will assist margins. The\u00a0tyre\u00a0pack should report a revenue growth YoY along-with expansion in margins QoQ. We pick Escorts, JK Tyres, Atul Auto as top performers of the quarter. We also expect Balkrishna Industries and Swaraj Engines to report a strong set of numbers for the current quarter.\",\"breadcrumb\":{\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/positive-q3-result-expectation-slower-growth-expected-going-forward\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/financeintellect.com\/home-page\/home\/positive-q3-result-expectation-slower-growth-expected-going-forward\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/positive-q3-result-expectation-slower-growth-expected-going-forward\/#primaryimage\",\"url\":\"https:\/\/financeintellect.com\/wp-content\/uploads\/2019\/01\/Positive-Q3-result-expectation-slower-growth-expected-going-forward..jpg\",\"contentUrl\":\"https:\/\/financeintellect.com\/wp-content\/uploads\/2019\/01\/Positive-Q3-result-expectation-slower-growth-expected-going-forward..jpg\",\"width\":299,\"height\":168},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/positive-q3-result-expectation-slower-growth-expected-going-forward\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/financeintellect.com\/home-page\/home\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Positive Q3 result expectation; slower growth expected going forward.\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/#website\",\"url\":\"https:\/\/financeintellect.com\/home-page\/home\/\",\"name\":\"Finance Intellect\",\"description\":\"Get business and finance insights\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/financeintellect.com\/home-page\/home\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/#\/schema\/person\/a90045187089bff33d502ca60561a130\",\"name\":\"FI Online\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/ab72c4277f611e5285f278611444066aca2b7a7df59873dd3a004a50828bfae0?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/ab72c4277f611e5285f278611444066aca2b7a7df59873dd3a004a50828bfae0?s=96&d=mm&r=g\",\"caption\":\"FI Online\"},\"sameAs\":[\"https:\/\/financeintellect.com\/\",\"https:\/\/www.linkedin.com\/company\/finance-intellect\/\",\"https:\/\/x.com\/Fin_Intellect\"],\"url\":\"https:\/\/financeintellect.com\/home-page\/home\/author\/fi-online\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Positive Q3 result expectation; slower growth expected going forward. - Finance Intellect","description":"In Q3FY19, tractors, two-wheelers\u00a0and\u00a0three-wheelers\u00a0have reported a strong growth YoY. LCVs continue their steady growth. Volumes in the M&HCV segment declined YoY primarily due to the wait in the launch of newer higher gross weight axle models while passenger segment reported dismal performance. The lower raw material prices will assist margins. The\u00a0tyre\u00a0pack should report a revenue growth YoY along-with expansion in margins QoQ. We pick Escorts, JK Tyres, Atul Auto as top performers of the quarter. We also expect Balkrishna Industries and Swaraj Engines to report a strong set of numbers for the current quarter.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/financeintellect.com\/home-page\/home\/positive-q3-result-expectation-slower-growth-expected-going-forward\/","og_locale":"en_US","og_type":"article","og_title":"Positive Q3 result expectation; slower growth expected going forward. - Finance Intellect","og_description":"In Q3FY19, tractors, two-wheelers\u00a0and\u00a0three-wheelers\u00a0have reported a strong growth YoY. LCVs continue their steady growth. Volumes in the M&HCV segment declined YoY primarily due to the wait in the launch of newer higher gross weight axle models while passenger segment reported dismal performance. The lower raw material prices will assist margins. The\u00a0tyre\u00a0pack should report a revenue growth YoY along-with expansion in margins QoQ. We pick Escorts, JK Tyres, Atul Auto as top performers of the quarter. We also expect Balkrishna Industries and Swaraj Engines to report a strong set of numbers for the current quarter.","og_url":"https:\/\/financeintellect.com\/home-page\/home\/positive-q3-result-expectation-slower-growth-expected-going-forward\/","og_site_name":"Finance Intellect","article_published_time":"2019-01-11T15:21:03+00:00","og_image":[{"width":299,"height":168,"url":"https:\/\/financeintellect.com\/wp-content\/uploads\/2019\/01\/Positive-Q3-result-expectation-slower-growth-expected-going-forward..jpg","type":"image\/jpeg"}],"author":"FI Online","twitter_card":"summary_large_image","twitter_creator":"@Fin_Intellect","twitter_misc":{"Written by":"FI Online","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/financeintellect.com\/home-page\/home\/positive-q3-result-expectation-slower-growth-expected-going-forward\/#article","isPartOf":{"@id":"https:\/\/financeintellect.com\/home-page\/home\/positive-q3-result-expectation-slower-growth-expected-going-forward\/"},"author":{"name":"FI Online","@id":"https:\/\/financeintellect.com\/home-page\/home\/#\/schema\/person\/a90045187089bff33d502ca60561a130"},"headline":"Positive Q3 result expectation; slower growth expected going forward.","datePublished":"2019-01-11T15:21:03+00:00","mainEntityOfPage":{"@id":"https:\/\/financeintellect.com\/home-page\/home\/positive-q3-result-expectation-slower-growth-expected-going-forward\/"},"wordCount":355,"commentCount":0,"image":{"@id":"https:\/\/financeintellect.com\/home-page\/home\/positive-q3-result-expectation-slower-growth-expected-going-forward\/#primaryimage"},"thumbnailUrl":"https:\/\/financeintellect.com\/wp-content\/uploads\/2019\/01\/Positive-Q3-result-expectation-slower-growth-expected-going-forward..jpg","keywords":["three-wheelers","tractors","two-wheelers"],"articleSection":["India Inc"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/financeintellect.com\/home-page\/home\/positive-q3-result-expectation-slower-growth-expected-going-forward\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/financeintellect.com\/home-page\/home\/positive-q3-result-expectation-slower-growth-expected-going-forward\/","url":"https:\/\/financeintellect.com\/home-page\/home\/positive-q3-result-expectation-slower-growth-expected-going-forward\/","name":"Positive Q3 result expectation; slower growth expected going forward. - Finance Intellect","isPartOf":{"@id":"https:\/\/financeintellect.com\/home-page\/home\/#website"},"primaryImageOfPage":{"@id":"https:\/\/financeintellect.com\/home-page\/home\/positive-q3-result-expectation-slower-growth-expected-going-forward\/#primaryimage"},"image":{"@id":"https:\/\/financeintellect.com\/home-page\/home\/positive-q3-result-expectation-slower-growth-expected-going-forward\/#primaryimage"},"thumbnailUrl":"https:\/\/financeintellect.com\/wp-content\/uploads\/2019\/01\/Positive-Q3-result-expectation-slower-growth-expected-going-forward..jpg","datePublished":"2019-01-11T15:21:03+00:00","author":{"@id":"https:\/\/financeintellect.com\/home-page\/home\/#\/schema\/person\/a90045187089bff33d502ca60561a130"},"description":"In Q3FY19, tractors, two-wheelers\u00a0and\u00a0three-wheelers\u00a0have reported a strong growth YoY. LCVs continue their steady growth. Volumes in the M&HCV segment declined YoY primarily due to the wait in the launch of newer higher gross weight axle models while passenger segment reported dismal performance. The lower raw material prices will assist margins. The\u00a0tyre\u00a0pack should report a revenue growth YoY along-with expansion in margins QoQ. We pick Escorts, JK Tyres, Atul Auto as top performers of the quarter. We also expect Balkrishna Industries and Swaraj Engines to report a strong set of numbers for the current quarter.","breadcrumb":{"@id":"https:\/\/financeintellect.com\/home-page\/home\/positive-q3-result-expectation-slower-growth-expected-going-forward\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/financeintellect.com\/home-page\/home\/positive-q3-result-expectation-slower-growth-expected-going-forward\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/financeintellect.com\/home-page\/home\/positive-q3-result-expectation-slower-growth-expected-going-forward\/#primaryimage","url":"https:\/\/financeintellect.com\/wp-content\/uploads\/2019\/01\/Positive-Q3-result-expectation-slower-growth-expected-going-forward..jpg","contentUrl":"https:\/\/financeintellect.com\/wp-content\/uploads\/2019\/01\/Positive-Q3-result-expectation-slower-growth-expected-going-forward..jpg","width":299,"height":168},{"@type":"BreadcrumbList","@id":"https:\/\/financeintellect.com\/home-page\/home\/positive-q3-result-expectation-slower-growth-expected-going-forward\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/financeintellect.com\/home-page\/home\/"},{"@type":"ListItem","position":2,"name":"Positive Q3 result expectation; slower growth expected going forward."}]},{"@type":"WebSite","@id":"https:\/\/financeintellect.com\/home-page\/home\/#website","url":"https:\/\/financeintellect.com\/home-page\/home\/","name":"Finance Intellect","description":"Get business and finance insights","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/financeintellect.com\/home-page\/home\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/financeintellect.com\/home-page\/home\/#\/schema\/person\/a90045187089bff33d502ca60561a130","name":"FI Online","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/financeintellect.com\/home-page\/home\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/ab72c4277f611e5285f278611444066aca2b7a7df59873dd3a004a50828bfae0?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ab72c4277f611e5285f278611444066aca2b7a7df59873dd3a004a50828bfae0?s=96&d=mm&r=g","caption":"FI Online"},"sameAs":["https:\/\/financeintellect.com\/","https:\/\/www.linkedin.com\/company\/finance-intellect\/","https:\/\/x.com\/Fin_Intellect"],"url":"https:\/\/financeintellect.com\/home-page\/home\/author\/fi-online\/"}]}},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/financeintellect.com\/wp-content\/uploads\/2019\/01\/Positive-Q3-result-expectation-slower-growth-expected-going-forward..jpg","_links":{"self":[{"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/posts\/3524","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/comments?post=3524"}],"version-history":[{"count":1,"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/posts\/3524\/revisions"}],"predecessor-version":[{"id":3526,"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/posts\/3524\/revisions\/3526"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/media\/3525"}],"wp:attachment":[{"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/media?parent=3524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/categories?post=3524"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/tags?post=3524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}