HomeEarnings NewsM&M Q2 earnings: Here’s what to expect

M&M Q2 earnings: Here’s what to expect

Auto Major Mahindra & Mahindra (M&M) is set to report its Q2 results tomorrow. A CNBC-TV18 poll expects a revenue growth of 2 percent and there will be margin expansions so the operating margin number that the street is looking at is 14.7 percent.

Profile image

By Reema Tendulkar  November 10, 2020, 7:55:21 AM IST (Updated)

Auto major Mahindra & Mahindra (M&M) is set to report its Q2 results today. A CNBC-TV18 poll expects a revenue growth of 2 percent and there will be margin expansions so the operating margin number that the street is looking at is 14.7 percent.


Profits are likely to decline despite an improvement in margins on the back of lower other income.M&M has seen about a 3 percent volume decline in this quarter where weakness in the automotive sales was only partially offset by very strong tractor demand.

So despite lower volumes the reason revenues are expected to show marginal growth is on account of higher realisations.

Watch this video for more.

Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!