English
Specials
    Upgrade
    MoneycontrolBe a PRO
    Moneycontrol PRO
    you are here: HomeNewsBusinessMoneycontrol Research

    Mahindra CIE Q2 CY20: Recovery in business, buy for long term

    Mahindra CIE expects operating margin to hit the peak level by the December quarter

    Nitin Agrawal
    September 30, 2020 / 09:15 AM IST
    Mahindra CIE Q2 CY20: Recovery in business, buy for long term

    PRO Only Highlights
    -      Quarterly performance largely backed by improved realisations
    -      Medium-term triggers China plus and protectionist measures for tyre industry
    -      Valuations not inexpensive; but improved medium-term outlook

    Mahindra CIE (CMP: Rs 138.75, Mcap: Rs 5,227 crore), an auto component manufacturer, posted a weak set of numbers during the June quarter due to the pandemic-led disruptions across geographies. The company’s revenues fell sharply and the operating margin turned negative. Quarter snapshot (image) On a consolidated basis, the company saw a year-on-year (YoY) decline of 65.3 percent in net sales, led by significant weakness both in the Europe and India businesses, which fell 59.4 percent and 72.5 percent, respectively. The decline...

    • PRO Panorama

      Moneycontrol Pro Panorama | Where’s the import threat?

      Jun 5, 2023 / 02:55 PM IST

      In today’s edition of Panorama: Global food inflation brings good tidings, Musk joins chorus against US's China policy, India's...

      Read Now
    • PRO Weekender

      Moneycontrol Pro Weekender: Things fall apart

      Apr 22, 2023 / 11:16 AM IST

      The mainstream is coming around to the view that geopolitics will result in a fragmented global economy and we will not go back to...

      Read Now

    To read the full story, Subscribe to Moneycontrol PRO

    Access the exclusive stories, weekly investment ideas and daily technical calls in an Ad free experience

    View Plans

    Already a member? Sign in

    Limited Period offer on Moneycontrol PRO. Subscribe to PRO and get up to

    50% OFF

    What Do You Get

    • Ad free experience

      Experience a non-intrusive navigation and faster response in the ad free mode

    • Sharpest Opinions

      Access to 230+ exclusive stories per month from our editorial and Experts

    • +

      Have a Global edge with access to content from world renowned experts and journalist

    • Actionable Insights

      Access to 40+ weekly investment ideas including 4 daily technical calls

    • Virtual Events

      Exclusive access to live webinars from market experts on trading and investment strategies

    • Newsletters

      Daily and weekly insights bundled and sent to your inbox to keep you ahead in the race.

    View Offers

    Get upto 50% discount on limited period offers