M&M Q4 preview: Strong profit growth likely but margin may fall at least 200 bps

Emkay Global sees standalone profit for M&M rising 17.5 per cent YoY to Rs 1,178.10 crore from Rs 1,002 crore in the year-ago quarter. It sees sales rising 29.5 per cent YoY to Rs 17,270.50 crore from Rs 13,338.20 crore. Ebitda margin is seen compressing 246 basis points YoY to 12.2 from 14.7 per cent in the year-ago quarter.

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