Mahindra & Mahindra Q2 PAT may dip 29% YoY to Rs. 855 cr: ICICI Direct

Net Sales are expected to increase by 3 percent Y-o-Y (up 105 percent Q-o-Q) to Rs. 11,458 crore, according to ICICI Direct.

October 12, 2020 / 09:38 AM IST
 
 
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ICICI Direct has come out with its Second quarter (July-September 20) earnings estimates for the Auto and auto ancillary sector. The brokerage house expects Mahindra & Mahindra to report net profit at Rs. 855 crore down 29% year-on-year (up 664% quarter-on-quarter).

Net Sales are expected to increase by 3 percent Y-o-Y (up 105 percent Q-o-Q) to Rs. 11,458 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 9 percent Y-o-Y (up 176 percent Q-o-Q) to Rs. 1,517 crore.

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