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Mahindra CIE Q4 PAT seen up 42.1% YoY to Rs 116.4 cr: ICICI Direct

Net Sales are expected to increase by 19 percent Y-o-Y (up 11.2 percent Q-o-Q) to Rs. 1,800.2 crore, according to ICICI Direct.

April 17, 2018 / 01:08 PM IST
Mahindra & Mahindra: Sales jumped by 21% to 16030 vs 13198 helped by supplies of the new Scorpio

Mahindra & Mahindra: Sales jumped by 21% to 16030 vs 13198 helped by supplies of the new Scorpio

 
 
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ICICI Direct has come out with its fourth quarter (Jan-March’ 18) earnings estimates for the Auto & Auto Ancillary sector. The brokerage house expects Mahindra CIE to report net profit at Rs. 116.4 crore up 42.1% year-on-year (up 25% quarter-on-quarter).


Net Sales are expected to increase by 19 percent Y-o-Y (up 11.2 percent Q-o-Q) to Rs. 1,800.2 crore, according to ICICI Direct.


Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 25.5 percent Y-o-Y (up 5.4 percent Q-o-Q) to Rs. 244.2 crore.


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