M&M standalone net profit rises 67 pc to Rs 1,430 crore

Mahindra Mahindra M&M posted a 67 per cent increase in the standalone net profit of Rs 1,430 crore for the quarter ended June 30th, 2022, a gain of 67 per cent. The company had a profit of Rs 857 crore in the year-ago period.

M&M net profit rose 10.7 per cent from Rs 1,292 crore in the previous quarter of Q4 FY 22. The company's revenue from operations increased 66.7 per cent to Rs 19,612. 64 crore from 11,764 are available for a price of Rs 11,764. In the same quarter last fiscal, there were 82 crore.

Its earnings before interest, taxes, depreciation and amortization or EBITDA went up 43 per cent YoY to Rs 2,341 crore as opposed to Rs 1,631 crore in Q1 FY 22.

During its quarter, billionaire industrialist Anand Mahindra-led company saw highest-ever quarterly standalone revenue for auto and farm segments at Rs 18,995 crore. The company continues to be No. The Managing Director, M&M Ltd, said: "Our performance this quarter is a reflection of our commitment to our stakeholders and customers. We saw good momentum across all our group companies, led by the strong results of the Auto and Farm sector. With 273 k bookings, the demand for the automotive product portfolio remains strong, according to Rajesh Jejurikar, Executive Director, M&M Ltd. After the launch of Scorpio-N, we are excited about the next phase with the unveiling of our Born Electric Vision later this month. The shares of M&M traded 1.23 per cent lower at Rs 1,246 on Friday. On the BSE, the price was 40 apiece.