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Analysts expect a good quarter as tractors did well due to good monsoon and low base. New launches in the utility vehicle segment, KUV100 and TUV300 have seen good demand.
Though the company's standalone revenues were strong, its margins disappoint the Street, says Ashwin patil of LKP Securities.
Operating profit (EBITDA - earnings before interest, tax, depreciation and amortisation) is likely to jump 27 percent to Rs 1,145 crore and margin may expand 220 basis points to 11.6 percent compared to year-ago period. However, margin could decline QoQ due to expiry of tax incentives at Haridwar plant.
Emkay expects Eicher Motor, HPCL, BPCL, Bajaj Auto, Eclerx and IOC to report a positive set of earnings on the back of the recent fall in oil commodity prices.
Operating profit (earnings before interest, tax, depreciation and amortisation) may jump 40 percent year-on-year to Rs 1,516 crore and margin expanded by 230 basis points to 14 percent in Q3, aided by better product mix and decline in commodity costs.
The company reported a revenue gain of 33 percent to Rs 52 crore and net-profit went up by 350 percent to Rs 3.6 crore on a year-on-year basis.
Nishant Arya, Executive Director, JBM Group talks about the company‘s second quarter performance and the future outlook.
However, margin may still grow 110 basis points year-on-year to 11.6 percent in Q2 due to falling raw material cost and cost control measures by management. Operating profit may increase 3.5 percent to Rs 1,045 crore in quarter ended September 2015 compared to Rs 1,009 crore in year-ago period.
Mahindra and Mahindra reported stronger-than-expected numbers for the quarter. Pawan Goenka, executive director, M&M, spoke about the company's performance in the first quarter.
Revenue is seen declining 3 percent to Rs 9,611 crore compared to Rs 9,907 crore in the corresponding quarter of last fiscal, impacted by sales volumes.
In an interview to CNBC-TV18, Nischal Maheshwari of Edelweiss, says capital goods and private banks will post stronger numbers while metals and cement Q1 results would be a drag on the market.
Utility vehicle maker Mahindra and Mahindra (M&M) matched street expectations on Friday. Consolidated profit plunged 39.4 percent year-on-year to Rs 586 crore crore, impacted by lower revenue. Consolidated numbers included Mahindra & Mahindra and Mahindra Vehicle Manufacturers (MVML).
Utility vehicle maker Mahindra and Mahindra (M&M) will announce its March quarter earnings on May 29. The trend has been weak for M&M for last many quarters and that may continue, feel analysts. According to them, steep decline in tractor volumes and margin pressures may hit profitability again.
Raghunandhan Nl, Quant Capital says the house overall has a positive outlook on the stock with a target price of Rs 1400.
Mahindra and Mahindra (M&M) will announce its third quarter earnings on Friday. Consolidated net profit is expected to decline 39 percent year-on-year to Rs 615 crore, according to a CNBC-TV18 poll.
In an interview to CNBC-TV18, Surendar Singh, MD, GS Auto International, discusses the company‘s earnings and business outlook.
Anmol Jain, managing director, Lumax Auto Technologies says the two-wheeler segment sales are driving growth and he expects margins to improve hereon.
Prakash Diwan is bullish on Escorts despite lower-than-expected Q2 earnings due to possibility of increase in sales from its constriction equipment segment which is a huge area of margin growth for the company.
IIFL's auto research analyst Prayesh Jain has downgraded M&M's growth forecast post its poor Q2 numbers.
Mahindra and Mahindra (M&M) reported a 4.3 percent decline in standalone profit at Rs 947 crore for the quarter ended September 2014 compared to Rs 989.5 crore in the year-ago period, hit by weak operational performance despite higher other income.
Revenues are expected to decrease by 4.4 percent Q-o-Q (up 9.8 percent Y-o-Y) to Rs 9805.6 crore, according to ICICIdirect.
Sales are expected to decrease by 6.4 percent Q-o-Q (up 7 percent Y-o-Y) to Rs 9268.9 crore, according to Motilal Oswal.
Revenue is likely to be Rs 9,292 crore during the quarter compared to Rs 8,929.5 crore in same quarter last year. Operating profit expected to be at Rs 1,167 crore as against Rs 1,144 crore and margin may be at 12.5 percent compared to 12.8 percent during the same period.
As the earnings season winds up and most of India‘s notable corporates have posted their quarterly results updates, net profits were slightly ahead of estimates, according to projections by brokerage firm Kotak, but there was “limited evidence of a meaningful upgrades to earningsâ€.
M&M margins lower than expected: Ajay Shethiya