Mahindra & Mahindra Stock Buy Report – Prabhudas Lilladher

Mahindra &Mahindra’s standalone adjusted results in Q4FY17 were below expectations as its EBITDA declined 12.8% YoY. While revenues grew 3.3% YoY to Rs111.3bn (PLe: Rs115.1bn), M&M’s EBITDA margin stood at 8.4%, lower 160bps YoY and 340bps QoQ. However, if we adjust for the one‐time discounts given by the company owing to BS III inventory clearance,…

Mercedes Rolls Out First SUV Made in India

Mercedes Benz India (MBI) rolled out the first locally assembled SUV, the ML 250, from its Chakan plant on Wednesday and also announced the start of operations of its new, start-of-the-art paint shop that is capable of water-based painting. “This is the first Mercedes Benz SUV model (made) in India and we will further increase…