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M&M Q2 results today: Margins likely to fall to 14.9%

Updated : November 14, 2018 10:06:41 IST

Mahindra and Mahindra (M&M) and Mahindra Vehicle Manufacturers Limited (MVML) will be reporting its second quarter earnings on Wednesday.

Here's what is expected from the company:
  • It was a strong first quarter for the company but growth has slowed down in the tractor segment, which could drag overall revenue growth to single-digits of 5.6 percent.
  • The overall volume growth in Q2 is expected to be around 5 percent.
  • Auto segment volumes grew 9 percent but tractor volumes were down 4 percent year-on-year and down 22 percent on sequential basis.
  • Margins are also expected to fall to 14.9 percent versus 16 percent YoY. Profit after Tax (PAT) is seen lower by 3.5 percent.
  • Other expenses for the quarter could be up on account of new launch which in turn could impact profitability.
  • However, month of October witnesses a record high tractor sales, so going forward the triggers are good for the company.
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