External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

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External broker reports(aggregated public sources)

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Thematic (Sector/Industry)

India Financials / Thematic (Sector/Industry)

<ul><li>Mahindra &amp; Mahindra: Mahindra &amp; Mahindra’s Q3FY25 standalone EBITDA margin at 14.6% was in line with our estimate of 14.6% and Bloomberg consensus estimate of 14.7%</li><li>The auto division’s EBIT margin at 9.7% is impressive, though it might moderate going forward as the company ramps up contract manufacturing for its ePV subsidiary Mahindra Electric Automobile Ltd (MEAL)</li><li>The farm division’s EBIT margin at 18.1% was impacted by the growing farm machinery business, and adjusted for it, the core tractor EBIT margin would have been 19.5%</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Mahindra &amp; Mahindra: Mahindra &amp; Mahindra’s Q3FY25 standalone EBITDA margin at 14.6% was in line with our estimate of 14.6% and Bloomberg consensus estimate of 14.7%The auto division’s EBIT margin at 9.7% is impressive, though it might moderate going forward as the company ramps up contract manufacturing for its ePV subsidiary Mahindra Electric Automobile Ltd (MEAL)The farm division’s EBIT margin at 18.1% was impacted by the growing farm machinery business, and adjusted for it, the core tractor EBIT margin would have been 19.5%Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

HSIE Results Daily: Mahindra & Mahindra, Hero Motocorp, Oil India, Thermax