Mahindra CIE’s Above Estimate Q4 Results Led By Strong Europe Performance: Motilal Oswal 
Employees install interior panels and fittings to a Mahindra & Mahindra Ltd. SUV on the production line at the company’s facility in Chakan, Maharashtra (Photographer: Udit Kulshrestha/Bloomberg)

Mahindra CIE’s Above Estimate Q4 Results Led By Strong Europe Performance: Motilal Oswal 

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Motilal Oswal Report

Mahindra CIE Automotive Ltd.’s strong operating performance in Q4 CY20 was driven by a robust performance from the Europe business (despite the restructuring cost impact) and a good performance from the India business.

While it is focusing on new orders/exports in India, it is also cutting costs to reduce breakeven points for the EU business.

We upgrade our CY21/CY22E earnings per share by 5%/9%, factoring in stronger growth in India as well as cost-cutting in the EU.

Click on the attachment to read the full report:

Motilal Oswal Mahindra CIE Q4CY20 Result Update.pdf


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