Mahindra CIE Q3 Review - India Revenue Beats Expectations; Europe Impacted By Chip Shortage: Motilal Oswal

Mahindra CIE Q3 Review - India Revenue Beats Expectations; Europe Impacted By Chip Shortage: Motilal Oswal

Components for vehicles sit on a production line (Photographer: SeongJoon Cho/Bloomberg)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

Mahindra CIE Automotive Ltd.’s strong performance in Q3 CY21 was driven by strong revenue trajectory in its India operations, while its Europe operations were affected by chip shortages and an adverse exchange rate.

New order for electric vehicles provides support against an expected loss of revenue growth in its internal-combustion engines-dependent portfolio.

We largely maintain our earnings per share estimates of Mahindra CIE, despite good beat in Q3 CY21, as we factor in the impact from semiconductor shortages.

Click on the attachment to read the full report:

Motilal Oswal Mahindra CIE Q3CY21 Result Update.pdf
Read Document

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

lock-gif
To continue reading this story
Subscribe to unlock & enjoy all Members-only benefits
Still Not convinced ?  Know More
Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
GET REGULAR UPDATES