Quote on Mahindra & Mahindra: At the bottom line, higher other income Says Ashwin Patil, LKP Securities
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Below Quote On Mahindra & Mahindra Q2 from Ashwin Patil, Senior Research Analyst at LKP Securities.
"Strong set of numbers from MnM. Outperformance was seen on topline as both the Auto as well as Farm equipment segment performed robustly. Margins at 12% were in line with expectations. Auto as well as FES margins grew on a qoq basis. At the bottom line, higher other income and good operational performance led to an above expected growth
Remain BUY."
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