Increased utilisation, improving margins and lower debt are profit triggers going ahead
Sharp gains in stock prices leave little upsides in the near term
While losses at the greenfield facilities have come down to 19 million euros from 175 million euros in FY20, analysts expect them to turn positive at the operating profit level by the end of FY21
The positives, according to analysts, are a simplified group structure, investment options for minority shareholders and value discovery of international business
The company will demerge its domestic wiring harness business into a new firm that will eventually be listed
Strong operating performance, falling debt keep Street positive
Company puts up a better-than-expected showing in Q2FY20
Firm reiterates its 2020 target of $18 billion in revenue, return ratio of 40%