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4-Traders Homepage  >  Equities  >  NATIONAL STOCK EXCHANGE OF INDIA  >  Mahindra and Mahindra Ltd    M&M   INE101A01026

MAHINDRA AND MAHINDRA LTD (M&M)
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Mahindra & Mahindra : M&M at 3-month high as Jul-Sep PAT above estimate

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11/11/2017 | 12:31am CEST

The PAT for the quarter came in at Rs 1,331 crore, yoy increase of 25%. This was due to lower interest expenses by 34% yoy. Moreover, board also recommends 1:1 bonus issue. Shares of M&M rose over 3% to a three-month high after the net profit of the company and that of its arm Mahindra Vehicles Manufacturers was higher than analysts' estimate.

The company's standalone results for the quarter registered a beat on consensus estimates. Revenue for the quarter came in 0.3% lower than the estimated figure of Rs 12,219 crore. EBITDA for the quarter came in 9.3% higher than the estimated figure of Rs 1,582 crore. And lastly, net profit for the quarter came in 8.4% higher than the estimated figure of Rs 1,228 crore.

Mahindra & Mahindra ltd consolidated revenue for the quarter came in at Rs 12,182 crore, registering 6.4% yoy increase. This was largely aided by rise in revenue from farm equipment segment by 21% yoy to Rs 3,958 crore in Q2FY18.

EBITDA for the quarter rose by 45.6% yoy to Rs1729.8 crore with a corresponding margin expansion of 382 bps. EBITDA margin for the quarter stood at 14.2%.

The PAT for the quarter came in at Rs 1,331 crore, yoy increase of 25%. This was due to lower interest expenses by 34% yoy. Moreover, board also recommends 1:1 bonus issue.

The stock is currently trading at Rs 1394.5, up by Rs 33 or 2.42% from its previous closing of Rs 1361.5 on the BSE.

The scrip opened at Rs 1355.5 and has touched a high and low of Rs 1409.95 and Rs 1347.8 respectively.

Mahindra & Mahindra (M&M) is engaged into diversified businesses such as automotive and farm equipments, financial services, infrastructure and hospitality, IT services, etc. The group’s revenue mix comprised of farm equipment (50%), automotive including 2W (27%), financial services (18%) and others (5%) in FY17.

(c) 2017India Infoline Ltd. All rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (INR)
Sales 2019 556 B
EBIT 2019 60 162 M
Net income 2019 48 649 M
Finance 2019 121 B
Yield 2019 0,98%
P/E ratio 2019 21,85
P/E ratio 2020 19,20
EV / Sales 2019 1,71x
EV / Sales 2020 1,55x
Capitalization 1 070 B
Chart MAHINDRA AND MAHINDRA LTD
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Technical analysis trends MAHINDRA AND MAHINDRA LTD
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Mean consensus OUTPERFORM
Number of Analysts 39
Average target price 997  INR
Spread / Average Target 10%
EPS Revisions
Managers
NameTitle
Pawan Kumar Goenka Managing Director & Executive Director
Anand Gopal Mahindra Executive Chairman
Vankipuram Srinivasa Parthasarathy Group Chief Financial & Information Officer
Ulhas Narayan Yargop Group CTO & Group President-IT Sector
Keshub Kailash Mahindra Chairman-Emeritus
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