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Revenue of Mahindra and Mahindra is expected to increase by 18.2 percent Q-o-Q (down 2.1 percent Y-o-Y) to Rs 10550.6 crore, according to ICICIdirect.com.
The growth is likely to be led by tractor business but the strong growth of tractor business may be offset by weakness in utility vehicle (UV) segment.
Sales of Mahindra and Mahindra are expected to decrease by 13 percent Q-o-Q (down 8.7 percent Y-o-Y) to Rs 8443 crore.
Analysts expect profit after tax of the company to fall 5 percent on a yearly basis to Rs 860 crore and revenue to decline 10.5 percent Y-o-Y to Rs 8,780 crore in three-month period ended September 2013.
Mahindra & Mahindra feels tractor sales in the industry this year will easily exceed earlier expectations of 5-6 percent growth and grow in double digits in FY14.
Operating profit margin of Mahindra and Mahindra (M&M) may soar 120 bps Y-o-Y to 13 percent during the quarter due to higher mix of the tractor segment in the overall product mix (tractors account for 36.5 percent of volume, increased of 550 bps Y-o-Y).
Prabhudas Lilladher expects Mahindra and Mahindra (M&M) to report a 5.4 percent growth quarter-on-quarter (rise of 16.1 percent year-on-year) in net profit at Rs 842.1 crore.
Motilal Oswal expects Mahindra and Mahindra (M&M) to report a 1.5 percent growth quarter-on-quarter (rise of 16.6 percent year-on-year) in net profit at Rs 907.5 crore.
Mahindra & Mahindra will report its Q4 results later on Thursday. Analysts expect net profit at Rs 723 crore, on revenue of Rs 9,990 crore, according to a CNBC-TV18 poll.
Motilal Oswal has come with its March`13 quarterly earning estimates for auto sector. The research firm believes that worst of competitive pressure is behind for passenger cars, but in 2W, UVs and CVs, rising competitive intensity poses a major challenge to incumbents.
Angel Broking has come with its March`13 quarterly earning estimates for auto and auto ancillary sector. The research firm continues to prefer stocks that have strong fundamentals, high exposure to rural and export markets and command superior pricing power.
India's largest utility vehicle and tractor maker Mahindra & Mahindra will report its third quarter earnings later on Friday. While passenger vehicle sales have been sluggish over the last one year, the maker of Scorpio, Bolero and XUV500 will be boosted by a strong shift in demand to utility vehicles.
Utility vehicles have continued to accelerate, bucking the overall slowdown in the automobile industry this financial year, and that is expected to boost Mahindra & Mahindra's third quarter earnings. The maker of UVs like Scorpio, Bolero and XUV500 will report its results for the Oct-Dec quarter on Friday.
In an interview to CNBC-TV18, Amit Kasat of Standard Chartered Securities gives his expectations from Exide and Hero Motocorp's Q3 results.
Dolat Capital has come with its December`12 quarterly earning estimates for auto sector. According to research firm, demand for petrol vehicles continues to be under pressure despite heavy discounts.
Motilal Oswal has come with its December`12 quarterly earning estimates for auto sector. According to the research firm, demand improves with festive season, but MHCVs remain under stress.
Angel Broking has come with its December`12 quarterly earning estimates for auto sector. The research firm expects UV sales to sustain the growth momentum leading to a 10-12% volume CAGR in PV sales over FY2012-14.
Mahindra & Mahindra shares rose over 2% on Friday after UBS upgraded it to "buy" from "neutral" and several others like Nomura and Kotak Institutional Equities raised their target price following the utility vehicle maker's strong growth in the second quarter and analysts expect growth to only improve once tractor sales pick up.
Amit Kasat of Standard Chartered Securities expects volume growth of two-wheeler vehicles to pick up from January onwards. "Inventory will not be a bigger issue for the two-wheeler industry going forward because it gets readjusted very fast according to readjustment in their production schedules," he said in an interview to CNBC-TV18.
Utility vehicle maker Mahindra & Mahindra's (M&M) standalone profit after tax is expected to grow by 11.2 percent year-on-year and 13 percent quarter-on-quarter to Rs 820 crore in the quarter ended September 2012.
Motilal Oswal has come with its September`12 quarterly earning estimates for auto sector. The research firm is downgrading their earnings estimates for Bajaj Auto and Hero MotoCorp to factor in weaker than expected demand and adverse currency movement (except Bajaj).
Dolat Capital has come with its September`12 quarterly earning estimates for auto sector. The research firm expects demand for UV segment to be robust. Due to production disruption, Maruti‘s 2QFY13 will disappoint, M&M continues to report strong numbers.
Angel Broking has come with its September`12 quarterly earning estimates for auto sector. The research firm prefers stocks that have strong fundamentals, high exposure to rural and exports markets and commanding superior pricing power.
Emkay Global Financial Services has come with its September`12 quarterly earning estimates for auto and auto ancillaries sector. The research firms maintains neutral stance on the sector and believe auto ancillaries are a better investment theme at this point than OEMs.
In an interview to CNBC-TV18 Nischal Maheshwari of Edelweiss Securities speaks about his preffered stocks from the auto and IT sector post June quarter earnings.