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Mahindra & Mahindra Q1 profit jumps 34 pc to Rs 5,455 crore
['Telangana Today']
Telangana Today
Mahindra & Mahindra Q1 profit jumps 34 pc to Rs 5,455 croreMahindra & Mahindra Ltd reported a 34 pc year-on-year rise in Profit After Tax to Rs 5,455 crore for the June quarter, driven by strong performance in its Auto and Farm segments.
Revenue surged 28 pc to Rs 58,188 crore, with SUV and tractor sales boosting market share despite commodity inflation.
Auto and Farm segments continue to deliver on growth and margins with profits up 18 per cent year-on-year, the company said.
We have achieved a QoQ increase of 50 bps in SUV revenue market share and 150 bps in LCV (< 3.5T) volume market share.
The company’s tractors business gained 280 basis points on a sequential basis to reach 44.9 per cent market share in Q1 F27.