Mahindra and Mahindra Q1 PAT seen up 37.6% YoY to Rs. 1,605.6 cr: Nirmal Bang

Nirmal Bang has come out with its first quarter (April-June’ 24) earnings estimates for the Auto & Auto ancillary sector. The brokerage house expects Mahindra and Mahindra to report net profit at Rs. 1,605.6 crore up 37.6% year-on-year (down 25.6% quarter-on-quarter).

Net Sales are expected to increase by 30.4 percent Y-o-Y (up 3.1 percent Q-o-Q) to Rs. 22,323.5 crore, according to Nirmal Bang.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 44.1 percent Y-o-Y (down 0.4 percent Q-o-Q) to Rs. 2804 crore.

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