Company: Mahindra & Mahindra Ltd. Category: IPO Notes

Mahindra & Mahindra’s (M&M) in-line Q3FY19 performance (INR17.2bn EBITDA, flat YoY) was commendable compared to Maruti’s and Bajaj’s below estimate numbers.
April 12, 2019, 11:59 a.m.

MM’s core business faces headwinds in the form of (a) an uncertain tractor demand outlook due to the cyclical downturn and the initial forecast of El Nino.
April 11, 2019, 12:40 p.m.

AUMs grew 22% YoY as change in product mix aiding mitigation of pressures. Stage 3 assets decline 390 bps YoY and expected to only improve ahead.
Jan. 25, 2019, 11:35 a.m.

For 2QFY2019, M&M posted subdued performance on both, top-line as well as bottom-line fronts. Revenues grew by 7% yoy to Rs. 12,989cr.
Nov. 15, 2018, 11:15 a.m.

M&M’s Q2FY19 results were broadly in line with our estimates. Apart from recently launched Marazzo, the Company plans to launch two new UV models in the next 2-3 months.
Nov. 15, 2018, 11:13 a.m.

M&M’s performance over Q2FY19 missed our estimates, with operating margins at 12.4%, as against PLe of 13.3%.
Nov. 14, 2018, 11:16 a.m.

Mahindra & Mahindra: Tractor wholesales in line at 47.4k units. Domestic volume up 17% YoY, exports up 2% YoY.
Nov. 2, 2018, 11:04 a.m.

We attended the launch of new Mahindra MPV “Marazzo” at Nashik. M&M has positioned this MPV as value at right price. It fills the product gap in MPV segment between low-end Ertiga and high-end Innova.
Sept. 4, 2018, 10:25 a.m.

Mahindra & Mahindra Ltd is in the Automobiles sector, having a market capitalization of Rs. 116,020.94 crores.
Aug. 10, 2018, 10:28 a.m.

For 1QFY2019, M&M posted good set of results, exceeding our expectations on both, top-line as well as bottom-line fronts.
Aug. 8, 2018, 10:29 a.m.