Page 2 - M&m Profit

M&M January sales: Total vehicle sales rise 15%, reach 73,944 units

Mahindra & Mahindra Ltd on Thursday said its total vehicle sales grew 15 per cent year-on-year to 73,944 units in January. The utility vehicle sales stood at 43,068 units in the previous month as against 32,915 vehicles sold in January last year, growing 31 per cent year-on-year, M&M Ltd said. The commercial vehicle domestic sales during the month under review stood at 23,481 units, a growth of 8 per cent over 21,724 units in January 2023. Its three-wheeler domestic sales, including electric three-wheelers, fell 14 per cent to 5,649 units compared to 6,562 vehicles sold in the year-ago period, the company said.

M&M November sales: Total sales up 21% to 70,576 units, SUV sales shine

Exports for November 2023 were down 42% year-on-year. Year-to-date exports until November 2023 also dropped 17%, reaching 17,986, compared to 21,633 units exported during the same period in FY23

M&M July sales: Total sales up 18% YoY to 66,124 units, exports down 9%

The automaker reported its highest-ever sales of SUVs at 36,205 units in July 2023 which is 30 per cent up from July 2022

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

Electric vehicle launch success key to further gains for M&M stock

SUV launches getting traction, weak rural demand a headwind for tractors

Mahindra & Mahindra Q1 consolidated profit jumps to Rs 2,360.70 cr

Mahindra & Mahindra Ltd on Friday reported a consolidated profit after tax of Rs 2,360.70 crore in the first quarter ended June 30, driven by strong performance of its automotive and farm sector segments. The company had posted a consolidated loss after tax of Rs 331.74 crore in the year-ago period, M&M said in a regulatory filing. Revenue from operations increased to Rs 28,412.38 crore in the first quarter this fiscal, as compared to Rs 19,171.91 crore in the corresponding period a year ago, it added. Total expenses during the quarter were higher at Rs 26,195.01 crore, as against Rs 20,286.24 crore in the same period a year ago, the company said. The automotive segment clocked revenue of Rs 12,740.94 crore in the quarter, up from Rs 6,316.79 crore in the same period last fiscal. In volume terms, the company said it sold 1,49,803 vehicles in the quarter under review, as compared to 85,858 vehicles in the year-ago period, a growth of 74 per cent. The farm equipment vertical had

M&M Q4 results: Impairment charge shrinks net profit to Rs 162 crore

Revenues beat estimates, company chalks out a Rs 17K crore plan to aid growth

M&M's margins to moderate in coming quarters as input costs weigh in

Volume growth expected to sustain for tractors and improve for auto business going ahead

Covid-19 impact: M&M Q1 profit skids 97% as auto sales hit speed bump

Farm equipment's robust performance cushions the impact

Covid-19 hits M&M Finance; pre-tax profit plunges by 67% in Q4FY20

The vehicle finance major, provided Rs 562.6 crore towards Covid-19 related shocks

Auto crisis: M&M to suspend production for up to 17 days this quarter

Mahindra & Mahindra on Friday said it will suspend production at its automotive manufacturing plants in the ongoing quarter, ranging between 8-17 days, in order to adjust production with sales requirements. The company had earlier said in August that it would be observing no production days for 8-14 days across its automotive sector plants in the July-September quarter. The home grown auto major would suspend production for three additional days during the quarter as compared to the disclosure made on August, 9, 2019, Mahindra & Mahindra said in a regulatory filing. Besides, the company said it will observe no production days in the farm equipment sector ranging between 1-3 days by end of this month. "The management does not envisage any adverse impact on availability of vehicles in the market due to adequacy of vehicle stocks to serve the market requirements," it added. Earlier this week, Hinduja Group flagship firm Ashok Leyland had announced 16 non-working days at its ...

M&M Q2 profit rises 23.87% to Rs 16.49 bn; vehicle sales surge 9%

Total income during the period under review stood at Rs 138.34 billion