Mahindra & Mahindra Q1 PAT seen up 33.3% YoY to Rs. 1,136.8 cr: Kotak

Kotak has come out with its first quarter (April-June’ 18) earnings estimates for the Automobiles sector. The brokerage house expects Mahindra & Mahindra to report net profit at Rs. 1,136.8 crore up 33.3% year-on-year (up 1.4% quarter-on-quarter).

Net Sales are expected to increase by 21.4 percent Y-o-Y (up 0.1 percent Q-o-Q) to Rs. 13,198.6 crore, according to Kotak.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 41.9 percent Y-o-Y (up 2 percent Q-o-Q) to Rs. 2,034.2 crore.

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