- Mahindra & Mahindra (M&M) reported a standalone net profit of Rs 3,452 crore for Q2, a 66.9% YoY increase, exceeding analyst expectations.
- The company’s revenue for the quarter grew by 16.6% YoY to Rs 25,773 crore.
- M&M’s margin improved by 110 basis points to 17.1% in Q2, showcasing enhanced profitability.
- Analyst estimates were surpassed on all parameters, with a net profit estimated at Rs 2,830 crore, revenue at Rs 25,100 crore, and margin at 13.5%.
- The company reported its highest-ever quarterly volumes at 212,000 units, marking an 18% YoY increase.