Igarashi Motors India
Igarashi Motors India
4Q results – Strong show, reaffirms our strong belief
IGM reported 4QFY16 results ahead of our expectation on all operating parameters as revenue/EBITDA increased 24%/48% yoy. The company reported the highest-ever EBITDA margin of 25% due to gross margin improvement (aided by backward integration benefits) and operating…
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