Strong SUV sales bump up M&M's Q2 net by 46% YoY to Rs 2,090 crore

Revenue during the period rose 57% to Rs 20,839 crore from Rs 13,314 crore

Mahindra & Mahindra (M&M) reported better-than-expected performance for the quarter ended September 30. Robust sales of its SUVs and a good showing by the farm equipment vertical bumped up its standalone net profit (after exceptional items) by 46 per cent year-on-year (YoY). The auto and farm equipment and automobile businesses boosted the consolidated net profit too, pushing it up by 44 per cent.

Net profit at the ScorpioN and XUV700 maker rose to Rs 2,090 crore in the three months to September, against Rs 1,433 crore a year ago; revenue during the period increased 57 per cent to Rs 20,839