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Mahindra and Mahindra Q1 PAT seen up 585.8% YoY to Rs. 768 cr: ICICI Direct

Net Sales are expected to increase by 121.1 percent Y-o-Y (down 8.3 percent Q-o-Q) to Rs. 12,385 crore, according to ICICI Direct.

July 13, 2021 / 12:34 PM IST
Rank 2 | Company: Mahindra & Mahindra Automotive & Farm Equipment Sectors | Industry: Manufacturing & Production | City: Mumbai (Image: Shutterstock)

Rank 2 | Company: Mahindra & Mahindra Automotive & Farm Equipment Sectors | Industry: Manufacturing & Production | City: Mumbai (Image: Shutterstock)

 
 
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ICICI Direct has come out with its first quarter (April-June’ 21) earnings estimates for the Auto and Auto Ancillary sector. The brokerage house expects Mahindra and Mahindra to report net profit at Rs. 768 crore up 585.8% year-on-year (down 1,485.8% quarter-on-quarter).

Net Sales are expected to increase by 121.1 percent Y-o-Y (down 8.3 percent Q-o-Q) to Rs. 12,385 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 155.1 percent Y-o-Y (down 21.7 percent Q-o-Q) to Rs. 1,401 crore.

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