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Mahindra and Mahindra Q2 PAT seen up 1,289.6% YoY to Rs 1,073 cr: ICICI Direct

Net Sales are expected to increase by 6.7 percent Y-o-Y (up 6.2 percent Q-o-Q) to Rs 12,493 crore, according to ICICI Direct.

October 08, 2021 / 02:17 PM IST
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ICICI Direct has come out with its second quarter (July-September’ 21) earnings estimates for the Auto and auto ancillary sector. The brokerage house expects Mahindra and Mahindra to report net profit at Rs 1,073 crore up 1,289.6% year-on-year (up 25.4% quarter-on-quarter).

Net Sales are expected to increase by 6.7 percent Y-o-Y (up 6.2 percent Q-o-Q) to Rs 12,493 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 9.5 percent Y-o-Y (up 4.8 percent Q-o-Q) to Rs 1,710 crore.

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