M&M Q4 Review - Auto Business To Drive Growth As Tractors Growth Moderate: Motilal Oswal
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 and Mahindra Ltd.’s Q4 FY21 performance was driven by higher realisations in the auto segment and cost savings.
While growth in tractors is slowing down after robust growth in FY21, the auto segment is expected to see strong momentum in both light commercial vehicles and sports utility vehicles (led by new products and easing of supply issues).
We cut our FY22E/FY23E earnings per share estimate by 5%/2% to account for sales loss due to the ongoing lockdown.
Click on the attachment to read the full report:
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.