M&M Q1FY18 results’ expectations
DSIJ Intelligence / 04 Aug 2017
M&M is trading weak in the first trading half of Friday, ahead of its financial results for Q1FY18. The company’s auto sales stood at 41,747 vehicles compared to 39,458 vehicles during July 2016, representing a growth of 6%.
M&M is trading weak in the first trading half of Friday, ahead of its financial results for Q1FY18. The company’s auto sales stood at 41,747 vehicles compared to 39,458 vehicles during July 2016, representing a growth of 6%.
The passenger vehicles segment which includes UVs, cars and vans sold 20,962 vehicles in July 2017 as against 17,356 vehicles during July 2016, registering a growth of 21%. The company’s domestic sales stood at 39,762 vehicles during July 2017 as against 35,305 vehicles during July 2016, a growth of 13%.
Following are the expectations for M&M Q1FY18 result:
• PAT may fall 11% to Rs 851 crore.
• Revenue likely to increase by 2% at Rs 11,265 crore.
• EBITDA may rise 13.7% to Rs 1,461 crore.
• EBITDA margin seen at 13% versus 11.6%.
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