INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Mahindra Mahindra (MM) is expected to report a 50 per cent plus growth in June quarter earnings on Tuesday
Outlook on utility vehicle (UV) and tractor businesses for FY19 and other segments like two-wheelers, commercial vehicles and Ssangyong
Eyes would also be on any update on new launches and timelines.
Motilal Oswal Securities sees profit after tax (PAT) to increase 59.3 per
cent YoY to Rs 1,220 crore and revenue to jump 17.9 per cent YoY to Rs 13,080 crore while sequentially dropping 0.9 per cent.
It expects
Ebitda margin to expand 280 bps YoY to 15.9 per cent
This translates into 80 bps rise in margins on a sequential basis.
"Overall volumes were up 19.2 per cent YoY as tractor and UV volume
increased 18.6 per cent and 17.3 per cent YoY, respectively
Three-wheeler sales rose 29.3 per cent YoY, supporting overall volume growth
But MM’s (including MVML) realisation is expected to decline 1.1 per cent YoY, led by product mix impact due to increase in share of
tractors," the brokerage said.
Emkay Global said the company's adjusted PAT may see 54 per cent YoY growth at Rs 1,190 crore.
"We expect
standalone (including MVML) revenue to grow by 22 per cent YoY to Rs 13,490 crore, led by growth of 20 per cent YoY in volume
Ebitda margin would expand by 240 bps YoY (40 bps QoQ) to 15.5 per cent, despite commodity inflation, due to price hikes and higher share of
tractors," Emkay Global said.
At 10.30 am, the stock was up 0.36 per cent at Rs 936.40 on the BSE.
