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.
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.
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