Mahindra & Mahindra’s Q4 profit seen down 15 per cent at Rs 745 crore

MUMBAI: Mahindra & Mahindra will be announcing the fourth quarter results tomorrow. According to an ET Now poll, the company is expected to report a standalone net profit of Rs 745 crore for the quarter ended March 2013, down 15 per cent, compared to a net profit of Rs 874 crore in the corresponding quarter last fiscal.

Standalone revenues for the quarter are seen at Rs 10,150 crore, up 8 per cent, as against revenues of Rs 9,387 crore.

The fourth quarter results are not comparable YoY due to merger of the unit. Tax write back in Q4FY12 will result in decline in profits YoY on comparison.

EBITDA for the quarter is seen at Rs 1,140 crore, up 17.5 per cent, compared to Rs 970 crore in the year-ago period. Margins for the period are expected to have grown to 11.2 per cent from 10.3 per cent, year-on-year.

The volume growth of 7 per cent is likely to boost revenues, say analysts. The decline in tractor volumes by 5 per cent YoY may impact margins.

Dismal tractor performance is likely to be offset by strong UV sales.