Q4FY21 Result Update - Mahindra & Mahindra - ICICI Direct

Mahindra & Mahindra (M&M) reported soft Q4FY21 results. Standalone net sales were at Rs. 13,512 crore (up 47.8% YoY, down 4.9% QoQ). Automotive ASPs were up 7% QoQ to Rs. 7.41 lakh/unit while tractor ASPs grew 2% QoQ to Rs. 5.3 lakh/unit. Standalone EBITDA margins at 13.2% were down 280 bps QoQ amid 110 bps sequential decline in gross margins. Automotive EBIT margins fell ~330 bps QoQ to 3.1% while tractor margins were down ~140 bps QoQ to 22%. Standalone PAT came in at Rs. 48.4 crore impacted by a large impairment hit of Rs. 887 crore in relation to long term investments and lower other income. M&M declared a dividend of Rs. 8.75/share for FY21.

For details, click on the link below: Link to the report

Shares of MAHINDRA & MAHINDRA LTD. was last trading in BSE at Rs.807.9 as compared to the previous close of Rs. 846.2. The total number of shares traded during the day was 871183 in over 27999 trades.

The stock hit an intraday high of Rs. 829.5 and intraday low of 790. The net turnover during the day was Rs. 699480075.

Source : Equity Bulls

Keywords