Mahindra and Mahindra is scheduled to announce its results for the June quarter on July 31.

What To Expect: An average of five brokerage estimates show Mahindra and Mahindra’s standalone net profit is expected to fall 1.53% from the previous year to ₹2,731.1 crore. The company’s revenue from operations is expected to increase around 16% to ₹27,870 crore in the June quarter. The margin is expected to increase by 40 basis points to 13.8%.

In the previous year, M&M reported a net profit of ₹2,773.73 crore and a revenue of ₹24,056.05 crore. EBITDA margin was at 13.4%.

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According to Nuvama, revenue growth for the company will be supported by an increase in auto/farm volumes and better realisation. EBITDA margin is expected to expand on better margins in the auto segment and the brokerage said, the key thing to watch out for in the result is the tractor demand outlook.

Motilal Oswal sees a 13% year-on-year volume growth in autos and 6% in the tractor segment, with an overall volume growth of 11%.

Kotak Institutional Equities expects a 14% revenue growth powered by 13% revenue growth in the tractor segment and 15% revenue growth in the automotive segment.

In the month of June, the company sold 1.17 lakh units, registering an increase of 9.17% from the previous year.

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