Mahindra and Mahindra Q2 Result: Mahindra & Mahindra Limited’s consolidated net profit in the second quarter of the current financial year 2024-25 rose 35 per cent 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 10 per cent to Rs 37,924 crore, up from 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 strong operational performance in the quarter. Automotive and Agriculture gained market share and continued to consolidate market leadership while expanding their 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. While sales of utility vehicles also remained the highest at 1.36 lakh units during this period. In the agricultural sector, the company achieved the highest market share in its history in the second quarter, 42.5 percent, in the quarter analyzed. While sales increased by four percent to 92,000 units compared to last year.
stock drop
Shares of Mahindra & Mahindra traded lower on the Bombay Stock Exchange on Thursday afternoon. It was trading at Rs 2,898.40, down 1.24 percent or Rs 36.30. The 52-week high of this stock is Rs 3,221.10. While the 52-week low is Rs 1,474.80. The market capitalization of the company stood at Rs 3,60,523.88 crore on the BSE.
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