*Mahindra CIE Automotive Ltd.* | *CMP* Rs. 82 | *M Cap* Rs. 3097 Cr | *52 W H/L* 256/59
(Nirmal Bang Retail Research)
*Result is ok*
Revenue from Operations came at Rs. 1662.2 Cr (-3.5% QoQ, -23.6% YoY) vs QoQ Rs. 1722.9 Cr, YoY Rs. 2174.4 Cr
EBIDTA came at Rs. 182.2 Cr (-15% QoQ, -35.5% YoY) vs QoQ Rs. 214.3 Cr, YoY Rs. 282.5 Cr
EBITDA Margin came at 11% vs QoQ 12.4%, YoY 13%
Adj. PAT came at Rs. 20.8 Cr vs QoQ Rs. 23.6 Cr, YoY Rs. 152.4 Cr
Quarter EPS is Rs. 0.5
Share is trading at P/E of 7x FY21E EPS