Dolat Capital: M&M Logs Healthy Q2 Margin  Performance
Workers on a tractor travel along a road. (Photographer: Dhiraj Singh/Bloomberg)

Dolat Capital: M&M Logs Healthy Q2 Margin Performance

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.

Dolat Capital Report

Strong revenue growth and margin expansion in the farm segment, defined Mahindra and Mahindra Ltd.’s Q2 FY21 performance, Ebitda (M&M + Mahindra Vehicle Manufacturers Ltd.) jumped 33% with an expanded margin of 17.8% (up 366 basis points).

The company remains our preferred bet on growing tractor sales, strong rural presence and healthy margins (driven by strong operating efficiencies, and a diversified product mix).

While tractor revenue for the company witnessed a strong 33% growth in Q2 FY21, autos remained weak registering 8% decline.

Click on the attachment to read the full report:

Dolat Capital Mahindra & Mahindra Q2FY21 Result Update.pdf


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