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Motilal Oswal: Mahindra CIE - Revenue Below Estimates; Weak Operating Performance In India, Europe  

Motilal Oswal: Mahindra CIE - Revenue Below Estimates; Weak Operating Performance In India, Europe

Machine operatives work on engine components at a vehicle assembly plant. (Photographer: Luke MacGregor/Bloomberg)
Machine operatives work on engine components at a vehicle assembly plant. (Photographer: Luke MacGregor/Bloomberg)

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 CIE Automotive Ltd.’s adverse operating performance in Q3 CY20 was attributable to weaker revenue in India and restructuring cost in EU.

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

We marginally cut our CY21E earnings per share to factor in lower revenue growth.

Click on the attachment to read the full report:

Motilal Oswal Mahindra CIE Q3CY20 Result Update.pdf

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