Mahindra Mahindra March sales down 12%

Automaker Mahindra & Mahindra  on Wednesday reported a 12.44 percent decline in total sales at 45,212 units in March.

It had sold 51,636 units in the same month last year, the company said in a statement on Wednesday. In domestic market, M&M's sales were down by 15 percent to 41,193 units last month as against 48,490 units a year earlier.

Exports were up 28 percent at 4,019 units as compared to 3,146 units in the same period a year earlier. Sales of passenger vehicles, including Scorpio, XUV 500, Xylo, Bolero and Verito stood at 21,030 units compared with 23,433 units in March 2014, down 10.25 percent.

Four-wheeler commercial vehicle sales were down by 19 percent to 14,279 units last month against 17,649 units in year-ago period, M&M said.

Commenting on the outlook, M&M Chief Executive (Automotive Division) Pravin Shah said: "With factors such as expectation of normal monsoon, settling down of petrol and diesel prices and the likely softening of interest rates, we expect the auto industry to perform better in FY2016."

As a lead indicator, the company has already seen the impact in segments such as heavy commercial vehicles, which is on the recovery path, Shah added.

For the fiscal 2014-15, the company's total sales stood at 4,64,848 units as against 5,07,176 units in the previous fiscal, down 8 percent. M&M's domestic sales in FY15 stood at 4,34,652 units as compared to 4,77,517 units in the previous year, down 9 percent, the company added.

Exports during the year were up 1.82 percent at 30,196 units as compared to 29,656 units in the previous fiscal.

M&M stock price

On April 01, 2015, at 14:13 hrs Mahindra and Mahindra was quoting at Rs 1200.00, up Rs 12.85, or 1.08 percent. The 52-week high of the share was Rs 1421.00 and the 52-week low was Rs 964.70.

The company's trailing 12-month (TTM) EPS was at Rs 59.05 per share as per the quarter ended December 2014. The stock's price-to-earnings (P/E) ratio was 20.32. The latest book value of the company is Rs 270.60 per share. At current value, the price-to-book value of the company is 4.43.

Anda sedang membaca artikel tentang

Mahindra Mahindra March sales down 12%

Dengan url

https://kesehatanda.blogspot.com/2015/04/mahindra-mahindra-march-sales-down-12.html

Anda boleh menyebar luaskannya atau mengcopy paste-nya

Mahindra Mahindra March sales down 12%

namun jangan lupa untuk meletakkan link

Mahindra Mahindra March sales down 12%

sebagai sumbernya