Company: Mahindra Category: IPO Notes

Tech M had an impressive FY19 with EBITDA margins expanding by ~290bps YoY, strong TCV growth of 43% YoY to US$400mn in Q4FY19.
May 21, 2019, 12:27 p.m.

During Q1CY19 MHCIE reported mixed bag numbers. Going forward Management expects its Indian operations to remain steady during H1CY19 and international operations to be robust.
May 8, 2019, 11:29 a.m.

Kotak Mahindra Bank (KMB) reported 4QFY19 results with the key takeaways being: (1) Life Insurance subsidiary has been a standout performer with VNB margin at an industry high 36%.
May 2, 2019, 11:06 a.m.

Shift to multi-product strategy, market share sustenance, lower ECL provisioning and steep NPA decline boost FY19 RoAs.
April 25, 2019, 11:34 a.m.

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.

Mahindra CIE (MHCIE) has released its CY2018 Annual report. During CY18, MHCIE has displayed strong operating performance and further strengthened its consolidated balance sheet.
April 11, 2019, 12:06 p.m.

During Q4CY18 MHCIE reported impressive numbers which were ahead of our estimates on all accounts.
Feb. 21, 2019, 9:15 a.m.

Tech Mahindra’s (TML’s) 3QFY19 performance was robust - both in terms of revenue growth and margin expansion.
Feb. 6, 2019, 11:52 a.m.

Tech Mahindra posted good numbers for 3QFY2019 on all fronts. Revenues rose 3.5% qoq to end the period at US$1,261mn.
Feb. 6, 2019, 11:31 a.m.