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Mahindra CIE Q1 PAT seen up 30.3% to Rs.39.6 cr: ICICI Securities

Mahindra CIE Q1 PAT seen up 30.3% to Rs.39.6 cr: ICICI Securities

Saturday, April 15, 2017, 5:53 PM

ICICI Securities has come out with its first quarter (January-March) earnings estimates for the Auto & Auto Ancillaries sector. The brokerage house expects Mahindra CIE to report net profit at 39.6 crores up 30.3% quarter-on-quarter. Net Sales are expected to decrease by 5.6 percent Q-o-Q (down 2.9 percent Y-o-Y) to Rs 1288.4 crore, according to ICICI Securities.
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