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Author Image Mr. Ashwin Patil
Equity | April 01
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Result Update Mahindra & Mahindra - Ashwin Patil, Senior Research Analyst, LKP Sec. Ltd.

Mahindra & Mahindra reports subdued numbers in March 2019.

  • UV division reported 5% yoy growth and 6% mom growth despite the recent couple of launches.
  • CV business saw a cut of 4.2%, driven by a 33% dip in MHCV sales on the back of sluggish sectoral cues.
  • Total auto sales grew by 1.4% in March and 10.8% in FY 19.
  • Tractors segment de-grew by 31% yoy.

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