Mahindra and Mahindra Q1 financial year 24-25 are out: Revenue increase's by 12% but Net profit dropped by 5%, Click here to read the full article:

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  • M&M's Q1 Results: Mahindra & Mahindra's revenue from operations in the first quarter of FY25 saw a 12% increase to ₹27,038.79 crore from ₹24,137.19 crore on a year-on-year basis. The automaker achieved market share gains and continued margin expansion in both the Auto and Farm segments.

  • Q1 Results: On Wednesday, automotive giant Mahindra & Mahindra reported a standalone net profit of ₹2,612.63 crore for Q1FY25, marking a 5.3% decrease from ₹2,759.43 crore in the same period last year. The decline in profit after tax was attributed to two one-off gains totaling ₹763 crore last year, according to the company.

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  • The company's revenue from operations for Q1FY25 rose by 12% to ₹27,038.79 crore from ₹24,137.19 crore year-on-year. Market share gains and margin expansion were noted in both the Auto and Farm segments.

  • "The F25 fiscal year began with robust operating performance across all our divisions. With our leadership positions, we've continued to grow market share and profit margins in both the Auto and Farm sectors," stated Anish Shah, Managing Director & CEO of M&M Ltd.

  • Operational earnings before interest, taxes, depreciation, and amortization (EBITDA) for the quarter ending June 2024 increased by 22% to ₹4,023 crore from ₹3,286 crore year-on-year. The EBITDA margin also saw an improvement of 130 basis points to 14.9% from 13.6%.

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  • "In the first quarter of F25, we increased market share in both the Auto & Farm sectors. We recorded the highest ever quarterly tractor volumes and improved our Core Tractors PBIT margin by 110 bps year-on-year. We maintained our market leadership in SUVs with a 21.6% revenue market share, and in LCVs under 3.5T, we surpassed a 50.9% volume market share. The Auto Standalone PBIT grew by 39% with a margin improvement of 180 bps year-on-year," shared Rajesh Jejurikar, Executive Director & CEO (Auto and Farm Sector) of M&M Ltd.

  • M&M Auto Segment Results


  • The revenue for M&M's auto segment in Q1FY24 climbed by 13% to ₹18,947.09 crore from ₹16,753.88 crore year-on-year. The segment's EBIT increased by 39% year-on-year to ₹1,798.32 crore, while the EBIT margin improved to 9.5%.
  • Mahindra sold a total of 211,550 vehicle units in the June quarter, marking a 14% increase from the 186,138 units sold in the same quarter of the previous fiscal year. 

  • M&M Farm Equipment Segment Results


  • The revenue for M&M's Farm Equipment segment grew by 9% YoY to ₹8,144.15 crore, while its EBIT increased by 16% to ₹1,505.81 crore, and the EBIT margin widened to 18.5% from 17.5% YoY.

  • The company's tractor sales during the quarter went up by 5% to 120,492 units, up from 114,293 units sold in the corresponding quarter last year, setting a new record for the company's highest ever quarterly tractor volumes.

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