M&M Reports Strong Q3 Performance In Both Farm Equipment Sector, Autos: Motilal Oswal

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Motilal Oswal Report

Mahindra & Mahindra Ltd.’s Q3 FY21 performance was driven by good performance in both the Tractors, farm equipment sector and autos businesses.

Furthermore, it has guided for an almost 90% reduction in international subsidiary losses in FY22E, driven by the completion of phase-one of the capital allocation exercise.

The company has twin levers of core business recovery as well as benefits of tightening capital allocation for earning per share growth and re-rating.

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