M&M Q2 Review - Strong Order Book To Drive Growth: Dolat Capital

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.Mahindra and Mahindra Ltd.’s Ebitda numbers were below our estimates in Q2 FY22 due to commodity inflation (gross margin contracted 310 basis points QoQ). Ebitda de-grew 19% YoY to Rs16.6 billion with margin at 12.5% (down 140 bps QoQ). Ebit margin for automotive division improved by 97 bps QoQ to 2.7% while farm equipment segment contracted by 165 bps to 18.7%. However, net profit beat estimates due to higher dividend from subsidiaries/group companies. Expecting strong growth in automotive segment, on the back of healthy order book (160,000 vehicle) and easing off supply side challenges. Newly lunched XUV 700 is receiving encouraging responses (up 70,000 bookings). M&M to launch new Scorpio ahead to re- gain its leadership position in sports utility vehicle segment..Click on the attachment to read the full report:.DISCLAIMERThis 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.

M&M Q2 Review - Strong Order Book To Drive Growth: Dolat Capital

M&M Q2 Review - Strong Order Book To Drive Growth: Dolat Capital

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