Mahindra share price rises over 2%, here is what investors should focus on | HDFC Securities report
Mahindra and Mahindra reported healthy Q2 FY21 margins of 17.8% as tractor’s share increased in the overall product mix (its share is at 50% of total volumes vs. 39% in FY20). While tractors continue to benefit from the above normal south-west monsoon, the outlook for SUVs remains impacted by intense competition (Kia Seltos was the key launch in Q2).
Tractor segment: Revenue grew 33% YoY, led by 30% volume growth. The segment reported record EBIT margin of 24.4%: Reuters