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M&M Q3 Results Preview: Automaker expected to report positive set of numbers in December quarter

February 13, 2024
in Business
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M&M Q3 Results Preview: Automaker expected to report positive set of numbers in December quarter

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M&M Q3 Outcomes Preview: Mahindra and Mahindra Ltd (M&M) is anticipated to report a largely optimistic set of earnings numbers because the automaker is about to  announce its December quarter outcomes on Wednesday (February 13, 2024). 

Zee Enterprise analysis estimates the corporate to report a 65 per cent rise in its standalone revenue after tax to Rs 2520 crore within the December quarter in comparison with Rs 1528 crore Yr-on-Yr (YoY).

Analysts estimate Mahindra and Mahindra’s income from operations to witness progress of 17.3 per cent to Rs 25400 crore within the  quarter underneath evaluate from Rs 21654 crore within the year-ago interval.

Avenue predicts the automaker’s EBITDA to rise to Rs 3230 crore in Q3 from Rs 2814 crore YoY, which shall be an upside of 14.8 per cent.

The corporate’s margin, in the meantime, is anticipated to be barely decrease at 12.70 per cent within the quarter underneath evaluate in comparison with the 13 per cent the corporate reported in the identical quarter final fiscal. 

Within the September quarter, the corporate suffered an distinctive lack of Rs 629 crore. 

Since Mahindra and Mahindra is altering its accounting coverage, its base income and EBITDA within the December quarter could change.

What extra can we count on from Mahindra and Mahindra’s Q3 outcomes? 

The corporate’s whole quantity is estimated to extend by 11.6 per cent to three.13 lakh within the quarter underneath evaluate.

The amount of the auto phase is anticipated to extend because of the finish of provide chain issues and the execution of the order ebook.

Its tractor volumes are estimated to fall because of excessive base and uneven rains.

Its realizations is anticipated to extend by 6 per cent to Rs 8.14 lakh/unit.

Margin enchancment is feasible because of higher working leverage.

Traders are suggested to control the corporate’s tractor demand outlook.

Mahindra and Mahindra share value

The inventory of M&M closed the tarding session on Tuesday decrease by 0.85 per cent, or rs 14.05, at Rs 1645.90.

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