This fall is the largest income producing quarter amongst all 4 quarters for many of the digital manufacturing companies firms.
The seven EMS firms underneath our protection are anticipated to report combine bag ends in This fall FY24 with their combination income/Ebitda/revenue after tax prone to develop 42%/22%/18% YoY and 45%/67%/111% QoQ, led by Dixon Applied sciences India Ltd. (up 84%/44%/52% YoY and 17%/23%/26% QoQ), PG Electroplast Ltd. (up 27%/26%/48% YoY and 98%/128%/209% QoQ) and Kaynes Know-how India Ltd. (up 63%/40%/29% YoY and 17%/19%/18% QoQ).
Whereas all segments are anticipated to develop strongly, doubtless quicker progress within the high-volume low combine segments (client, electrical automobile, railways and many others.) would negate advantages of working leverage and prohibit total margin growth, in our view.