Mahindra and Mahindra Q3 Earnings Estimates By Brokerages

Mahindra and Mahindra Q3 Earnings Estimates By Brokerages

Mahindra and Mahindra Q3 Earnings Estimates By Brokerages

Mahindra and Mahindra Q3 Earnings Estimates, The company is going to declare its Q3 earnings today. Mostly, the brokerages believe that the company may post weak numbers in Q3FY20. 

Kotak Institutional Equities predicts that the company’s net profit may witness 21.7 per cent year-on-year fall in December quarter 2019, stood at Rs 1,136.9 crore. Also, there would be a 3.8 per cent fall in revenue, at Rs 12,400.5 crore. EBITDA may increase by 2.2 per cent to Rs 1,741.1 crore. Whereas the EBITDA margin could rise 80 bps year-on-year in the quarter ended on December 2019.

Meanwhile, another brokerage firm Edelweiss foresees that the Mahindra and Mahindra probably report a 19.1 per cent decline in its net profit at Rs 1,193.2 crore during the October to December period. Revenue is likely to slip 7.2 per cent to Rs 11,960 crore. There would be 9 per cent surge in EBITDA, at Rs 1,856 crore. As per the brokerage, EBITDA margin may rise 230 bps year-on-year. 

Motilal Oswal Financial Services anticipates that the company’s net profit might witness a 23.5 per cent decline, would be at Rs 1,114.8 crore. While the revenue may be at Rs 12,272 crore, likely to see a fall of 4.8 per cent. The brokerage firm forecasts 8 per cent growth in EBITDA which would be at Rs 1,839.8 crore. 

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