Mahindra & Mahindra Q2 Result : Mahindra & Mahindra Limited's consolidated net profit in the second quarter of the current financial year 2024-25 increased by 35 percent to Rs 3,171 crore. The company's net profit in the second quarter (July-September) of the last financial year 2023-24 was Rs 2,348 crore. Consolidated revenue in the second quarter grew by 10 per cent at Rs 37,924 crore as against Rs 34,436 crore in the year-ago quarter, M&M Ltd said in a statement. Anish Shah, Managing Director and Chief Executive Officer (CEO) of the company, said, “Our businesses have delivered solid operational performance in the quarter. Automotive and Agriculture gained market share and continued to consolidate market leadership while expanding profits.”
2.31 lakh units sold
According to M&M, the motor vehicle segment recorded the highest quarterly turnover at 2.31 lakh units. This is nine percent more than the same quarter last year. Whereas the sales of utility vehicles also remained the highest at 1.36 lakh units during this period. In the agriculture sector, the company achieved the highest ever Q2 market share of 42.5 per cent in the quarter under review. Whereas sales increased by four percent compared to last year to 92,000 units.
stock decline
Shares of Mahindra & Mahindra were seen trading down on the Bombay Stock Exchange on Thursday afternoon. It was trading at Rs 2898.40, down 1.24 per cent or Rs 36.30. The 52 week high of this share is Rs 3221.10. Whereas, 52 week low is Rs 1474.80. The market cap of the company stood at Rs 3,60,523.88 crore on BSE.
Image Credit: India_Tv.