Mahindra and Mahindra‘s detached revenue is expected to rise considerably year-on-year in the September quarter of 2022. The Street has varying approximations for the standalone net profit growth over the same period last year.

While its standalone revenue is forecasted to rise between 55% and 58% year-on-year to Rs 20,650 crore to Rs 21,016 crore, its standalone net profit will increase 2.5-3.8% to touch Rs 1,728.7 crore to Rs 2,323 crore. Ebitda’s margin is predictable to be around 11-12%. The auto and farm equipment business dispatched Rs 13,305 crore in standalone income and Rs 1,686 crore in standalone net profit.

Quarter-on-quarter, the standalone revenue is anticipated to rise from 5.3% to 7.2%, and the standalone net profit may increase from 17.5% to 58%. The auto and farm equipment business displayed Rs 19,612 crore in revenue and Rs 1,471 crore in standalone net profit in the main quarter of FY23.

At IIFL, an aggressive estimate for net profit growth of 38% QoQ and 58% YoY have cited falls in commodities, price surges and operating influence as margin tailwinds. While Kotak Institutional Equities believe margins will endure being pondered down by raw-material price inflation and adversarial product mix, the brokerage expects net profit to rise by 33% QoQ and 20% YoY “mainly of higher other income due to Rs 30 per share dividend outgoing by Tech Mahindra in the quarter”, the analysts mentioned in Q2 preview report.

The estimated EBIDTA margin was 11.3% for this quarter, or a decline of 60bps QoQ amid inferior segmental mix with the volume share of tractors falling from 43.6% in Q1FY23 to 34.2% in Q2FY23, and due to lagged effect of raw-material price rise.