M&M Reports Strong Q3 Performance In Both Farm Equipment Sector, Autos: Motilal Oswal
Tractors sit in a lot awaiting shipment at the Mahindra & Mahindra Ltd. Plant in Mumbai, India. (Photographer: Abhijit Bhatlekar/Bloomberg News)

M&M Reports Strong Q3 Performance In Both Farm Equipment Sector, Autos: 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 & Mahindra Ltd.’s Q3 FY21 performance was driven by good performance in both the Tractors, farm equipment sector and autos businesses.

Furthermore, it has guided for an almost 90% reduction in international subsidiary losses in FY22E, driven by the completion of phase-one of the capital allocation exercise.

The company has twin levers of core business recovery as well as benefits of tightening capital allocation for earning per share growth and re-rating.

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Motilal Oswal M&M Q3FY21 Result Update.pdf

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