Mahindra CIE Automotive announced its quarterly results on July 21, 2020. Consolidated net revenue in Q2CY20 stood at Rs735.47cr, which declined by 65.66% yoy from Rs2,141.99cr in Q2CY19.
EBITDA stood at Rs(-)96.26cr in Q2CY20 that decreased by 136.8% yoy. For Q2CY19, it posted EBITDA of Rs261.61cr. EBITDA margin as of Q2CY20 was at -13.09% that declined by 25.3% yoy compared to the same quarter, previous year.
The company posted consolidated net loss of Rs128.68cr in Q2CY20 that declined by 201.95% yoy, as compared to Q2CY19, when it reported consolidated net profit of Rs126.22cr. The net profit margin in Q2CY20 came in at -17.5% that declined by 23.39% yoy. The net profit margin for Q2CY19 was at 5.89%.
The stock closed at Rs114.4 with a decline of 3.35% on BSE.
|
Particulars |
Q2CY20 (Rs in cr) |
Q2CY19 (Rs in cr) |
% VAR |
|
Net Revenue |
735.47 |
2,141.99 |
-65.66 |
|
Operating Profit/(Loss) |
(96.26) |
261.61 |
-136.80 |
|
Net Profit/ (Loss) |
(128.68) |
126.22 |
-201.95 |
|
EBITDAM% |
-13.09 |
12.21 |
-25.30 |
|
PATM% |
-17.5 |
5.89 |
-23.39 |
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