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Earnings

M&M's Q2 Earnings: Here's a quick preview

Updated : November 08, 2019 08:27 AM IST

Auto major Mahindra & Mahindra (M&M) will announce its second-quarter results on Friday. It is expected to be a weak quarter for the company. Here are the key expectations:

  • Revenues are expected to fall by 12.5 percent year-on-year (YoY) at Rs 11,188 crore.

  • The margins will get compressed to 12.5 percent versus 14.5 percent last time.

  • The auto segment margins have been under a lot of pressure because of the high amount of discounts as well as competition.

  • In the tractor segment as well, 8 percent volume decline is seen this time.

  • The profit is likely to decline by 37 percent.

  • The new corporate tax structure could help profit look better than estimated, however, overall, the operational performance will be weak.
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