Net Sales are expected to decrease by 5.4 percent Y-o-Y (down 8.9 percent Q-o-Q) to Rs. 12,788.4 crore, according to Prabhudas Lilladher.
Prabhudas Lilladher has come out with its first quarter (April-June’ 19) earnings estimates for the Automobiles sector. The brokerage house expects Mahindra & Mahindra to report net profit at Rs. 884.7 crore down 26.3% year-on-year (down 7.2% quarter-on-quarter).
Net Sales are expected to decrease by 5.4 percent Y-o-Y (down 8.9 percent Q-o-Q) to Rs. 12,788.4 crore, according to Prabhudas Lilladher.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 18 percent Y-o-Y (down 6.8 percent Q-o-Q) to Rs. 1,534.6 crore.
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