The expectations are as follows:
Revenue: Rs13,089cr (up 14% yoy, 2% qoq). Volume growth in Q3FY19 was mixed; M&HCVs declined 22% yoy (down 30% qoq). PV growth was subdued at 9% yoy (down 5% qoq), while tractor growth resumed to 12% yoy (16% qoq) after a 4% yoy slump in Q2FY19. The recent launches (Marazzo and Alturas G4) are yet to result in a significant boost to M&M's volumes.
EBITDA: Rs1,918cr (up 13% yoy, 4% qoq). The company continues to face higher commodity costs, price discounting (in CV and PV portfolios) to push sales, and demand weakness. Read more.
Mahindra & Mahindra Ltd is currently trading at Rs687.55 down by Rs14 or 2% from its previous closing of Rs701.55 on the BSE.
The scrip opened at Rs702 and has touched a high and low of Rs705 and Rs684 respectively. So far 36,97,048 (NSE+BSE) shares were traded on the counter.