M&M Q1 Review - Strength In Auto Offsets Weakness In Farm Equipment Segment: Motilal Oswal

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motilal Oswal Report.Mahindra and Mahindra Ltd.’s Q1 FY23 operating performance was in line as the auto business made up for weakness in the tractor segment. While the auto business is firmly on the growth path, led by a refreshed product portfolio, the outlook for the tractor segment is uncertain, particularly for H2 FY23. The strong order backlog in sports utility vehicle will continue to boost performance, aided by raw material cost savings. Stability in the tractor business will be a key performance driver. We raise our FY23/FY24 standalone earnings per share estimate of M&M by 7% each to factor in a strong order backlog in the passenger utility vehicles and improving semiconductor supplies..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

M&M Q1 Review - Strength In Auto Offsets Weakness In Farm Equipment Segment: Motilal Oswal

M&M Q1 Review - Strength In Auto Offsets Weakness In Farm Equipment Segment: Motilal Oswal

Choose a plan