Mumbai, Nov. 10 -- Mahindra and Mahindra Ltd (M&M), which will report its Q2 earnings today, is expected to post improved operating margins on a sharp year-on-year growth seen in tractor sales during the September quarter.

According to Emkay Global Financial Services Ltd, the revenues are expected to increase 3% YoY to Rs.11,297 crore and the Ebidta (earnings before interest, taxes, depreciation and amortization) margins to improve 71 basis points to 14.8%.

"Automotive realization is expected to increase due to higher share of passenger and commercial vehicles, BS6 launches and the price hikes. The Ebidta margin is expected to increase due to higher scale," the brokerage said in a preview report.

However, Emkay expects a 20% YoY declin...