BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Dolat Capital Report
Mahindra & Mahindra Ltd.'s Q1 FY21 standalone plus Mahindra Vehicle Manufacturers Ltd. Ebitda at Rs.5.73 billion was slightly below estimates due to weak performance in the auto segment offset by higher-than-expected margin in the farm equipment segment (FES).
Ebit margin for FES improved by 114 basis points YoY to 20.4%. Management highlighted that the near term demand outlook is promising fueled by improved rural sentiment, but difficult to make long-term forecasts.
Outlook for the tractor remains strong led by good monsoon and better prospects for Kharif crop.
The company is focused on strengthening core business, tightening capital allocation and turning around its core/strategic subsidiaries. The management is looking to bring down its stake to below 50% in Ssangyong Motor Company and in talks with potential investors.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
