Mahindra & Mahindra Q4 preview: Volume decline, lower ASPs to dent earnings

Mahindra & Mahindra is likely to report an over 50 per cent dip in bottom-line in its March quarter results (Q4FY20), which are scheduled to be released on Friday. Analysts attribute the drop to decline in the company's volumes during the quarter and lower average selling prices (ASPs). 

According to the monthly sales update provided by the company, Mahindra & Mahindra sold 15.1 lakh units during the quarter, a 36 per cent fall on a YoY basis, led by 47 per cent YoY decline in auto volumes, and partially offset by around 3 per cent decline in tractor volumes. In comparison,