M&M Q2 PAT seen up 2% at Rs 773 cr

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M&M Q2 PAT seen up 2% at Rs 773 cr

Mahindra and Mahindra (M&M) is expected to report a profit after tax of Rs 773 crore in the second quarter of FY12, a growth of 2% as compared to Rs 758 crore in the corresponding quarter of last fiscal.

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Mahindra and Mahindra (M&M) is expected to report a profit after tax of Rs 773 crore in the second quarter of FY12, a growth of 2% as compared to Rs 758 crore in the corresponding quarter of last fiscal.

Revenues are seen going up 30% to Rs 7,314 crore from Rs 5,634 crore during the same period.

Operating profit margin is expected to be at 13.6% in the July-September quarter of FY12 versus 18.2% in a year ago period.

On quarter-on-quarter basis, the company's revenues are seen going up 8.2% and profit after tax is likely to go up 28%.

What to watch out for :

* Sales growth for M&M to be strongest in the industry due to strong 30% volume growth

* Realisations are likely to improve 6.1% YoY (flat QoQ) driven by price increases of 1.5-2% in auto segment in Aug 2011 and 1.5% in farm equipment segment

* Margins to soften QoQ due to softening of commodity prices offset by higher other expenditure.

* Other income to be higher QoQ at Rs 180 crore due to recepit of dividend from subsidiaries