Oct 17, 2016, 06.25 PM | Source: Moneycontrol.com
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.
Centrum Broking (more)
, Centrum Broking |
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
Brexit, steep valuations and an unfavourable sale
The all-cash deal is expected to be completed in t
Mahindra and Mahindra has signed a share purchase
Net Sales are expected to increase by 1.7 percent
While demonetisation has hit the auto industry, Ma