Mahindra & Mahindra Q2 PAT seen up 9.5% to Rs 950.2 cr: Centrum

Net Sales are expected to decrease by 3.3 percent Q-o-Q (up 15.5 percent Y-o-Y) to Rs 10681 crore, according to Centrum.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney IThe Winning Leap SME Special
Moneycontrol

Home » News » Earnings » Brokerage Results Estimates

Oct 17, 2016, 06.25 PM | Source: Moneycontrol.com

Mahindra & Mahindra Q2 PAT seen up 9.5% to Rs 950.2 cr: Centrum

Net Sales are expected to decrease by 3.3 percent Q-o-Q (up 15.5 percent Y-o-Y) to Rs 10681 crore, according to Centrum.

Like this story, share it with millions of investors on M3

Mahindra & Mahindra Q2 PAT seen up 9.5% to Rs 950.2 cr: Centrum

Net Sales are expected to decrease by 3.3 percent Q-o-Q (up 15.5 percent Y-o-Y) to Rs 10681 crore, according to Centrum.

Post Your Comments

Share Cancel

Centrum Broking (more)

, Centrum Broking |

Centrum has come out with its second quarter (July-September) earnings estimates for the Automobiles sector. The brokerage house expects Mahindra & Mahindra to report net profit at Rs 950.2 crore, up 9.5 percent quarter-on-quarter.

Net Sales are expected to decrease by 3.3 percent Q-o-Q (up 15.5 percent Y-o-Y) to Rs 10681 crore, according to Centrum.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 9.7 percent Q-o-Q (up 13.4 percent Y-o-Y) to Rs 1163.9 crore.

Centrum's report on Mahindra & Mahindra

We expect the company to report total operating income of Rs10.7bn, posting 16% YoY growth (-3% QoQ). We expect a relatively weak operating performance with EBITDA margins at 10.9% (-20bps YoY/ -80bps QoQ) impacted by weak performance in the automotive segment.

We estimate adjusted PAT at Rs 9.5bn (+3% YoY/ +9% QoQ) on the back of higher other income. We continue to maintain Hold rating on the stock, with a TP of Rs1,430.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

To read the full report click here

Buy, Hold, Sell ? Hear it first on M3
Mahindra & Mahindra Q2 PAT seen up 9.5% to Rs 950.2 cr: Centrum

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login