M&M share price drop to 6%: Top loser of today’s Sensex, Nifty
Mahindra & Mahindra Ltd Q3 Results: Mahindra & Mahindra Ltd is a multinational car manufacturing company located in Mumbai. The company reported a 20% year-on-year drop in profit for the December quarter.
One of the largest automaker company Kotak Institutional Equities expects to report 21.70% Year-on-Year fall in their net profit of 3.80% YoY net sales. The Company said, “The revenue estimation to decline by 4% YoY because of 7% YoY decline in their volume”.
The company expects earnings before interest, tax, depreciation, amortization (EBITDA) margin to increase only by 80 basis points YoY. As we expect 250 basis points YoY expansion in the margin will be effect by negative operating leverage.
Motilal Oswal Financial Services Ltd is a financial service offers financial products and services. This company has reported a downfall of 23.50% YoY in the net profit from Mahindra & Mahindra Ltd Q3 Results. The company expects that the raw materials are likely to be around 66.40 % of its sales compares with 69.20% to the same fiscal last year.
Axis Capital is one of the financial experts in providing services in Investment banking. This company has reported a 33% YoY fall in its net profit. The company Ebita margin for M&M is increased to 30 bps YoY due to the cost reduction and discounts.
Axis Capital said, “The expected gross margin reduced to 150 bps due to discounts given by the company, that affects the benefits or profits of the company.