Mahindra net profit jumps 14% to Rs 1,528 crore
1 year, 10 months ago

Mahindra net profit jumps 14% to Rs 1,528 crore

Deccan Chronicle  

Pune: Mahindra and Mahindra, the SUV specialist and tractor maker, on Friday reported a 13.5 per cent jump in its standalone net profit at Rs 1,528 crore during the December quarter, up from Rs 1,335 crore in the same quarter of the previous fiscal. The Mumbai-based automaker’s revenue from operations was up 41 per cent at Rs 21,654 crore from Rs 15,349 crore during the quarter ending December. The company sold 1.76 lakh vehicles in the December quarter, 45 per cent higher than the corresponding period last year. Mahindra said it continues to maintain the leading position in the SUV revenue market share at 20.6 per cent in the third quarter.

Crore Cent Quarter  net  revenue  growth  profit  rs  cent  quarter  tractor  q3  1528  14  led  mm  crore  jumps  mahindra

History of this topic

Mahindra closes in on Tata Motors as EV sales falter
1 week, 1 day ago

Mahindra closes in on Tata Motors as EV sales falter

Live Mint  

Mahindra & Mahindra has surpassed Tata Motors as India’s third-largest carmaker thrice in the second half of 2024 on new launches at a time cooling electric vehicle sales and an ageing line-up have hurt the fortunes of the Tata Group company. Tata Motors’ market share, driven by the Nexon EV, peaked at just over 14% in March but its performance …

Mahindra bets on premium electric SUVs to boost market share
3 weeks, 4 days ago

Mahindra bets on premium electric SUVs to boost market share

Deccan Chronicle  

With its smaller SUV, Mahindra will enter India's fast-growing compact SUV market, which grew nearly 20% in the first six months of the current fiscal year and is dominated by Hyundai's Creta SUV and Toyota's Urban Cruiser Hyryder SUV. Mumbai-based Mahindra, second largest SUV maker in volumes, introduced the smaller sporty BE 6e and luxurious XEV 9e electric SUVs priced …

Mahindra & Mahindra Financial Services Share Price Today on 26-11-2024: Mahindra & Mahindra Financial Services share price are up by 0.29%, Nifty up by 0.03%
Trending News
4 weeks ago

Mahindra & Mahindra Financial Services Share Price Today on 26-11-2024: Mahindra & Mahindra Financial Services share price are up by 0.29%, Nifty up by 0.03%

Live Mint  

Mahindra & Mahindra Financial Services Share Price Today on 26-11-2024: At 26 Nov 11:22 today, Mahindra & Mahindra Financial Services shares are trading at price ₹273.2, 0.29% up from the previous closing price. On the technical front, the stock is trading above the 5,10,20 days SMA & lower than the 50,100,300 day SMA. The stock will have support at 5,10,20 …

Mahindra & Mahindra Financial Services Share Price Today on 25-11-2024: Mahindra & Mahindra Financial Services share price are up by 5.01%, Nifty up by 1.81%
4 weeks, 1 day ago

Mahindra & Mahindra Financial Services Share Price Today on 25-11-2024: Mahindra & Mahindra Financial Services share price are up by 5.01%, Nifty up by 1.81%

Live Mint  

Mahindra & Mahindra Financial Services Share Price Today on 25-11-2024: At 25 Nov 11:24 today, Mahindra & Mahindra Financial Services shares are trading at price ₹276.75, 5.01% up from the previous closing price. On the technical front, the stock is trading above the 5,10,20 days SMA & lower than the 50,100,300 day SMA. The stock will have support at 5,10,20 …

Mahindra & Mahindra Financial Services Share Price Today on 22-11-2024: Mahindra & Mahindra Financial Services share price are up by 2.07%, Nifty up by 1.26%
1 month ago

Mahindra & Mahindra Financial Services Share Price Today on 22-11-2024: Mahindra & Mahindra Financial Services share price are up by 2.07%, Nifty up by 1.26%

Live Mint  

Mahindra & Mahindra Financial Services Share Price Today on 22-11-2024: At 22 Nov 12:46 today, Mahindra & Mahindra Financial Services shares are trading at price ₹261.65, 2.07% up from the previous closing price. The stock will have support at 5 days SMA & face resistance at 10,20,50,100,300 days SMA The SMA values for the stock are given below : Days …

M&M outpaces rivals with strong PV volume growth, margin expansion in Q2; becomes Jefferies’ top auto pick
1 month, 1 week ago

M&M outpaces rivals with strong PV volume growth, margin expansion in Q2; becomes Jefferies’ top auto pick

Live Mint  

The Indian Passenger Vehicle industry experienced a subdued September quarter, with Original Equipment Manufacturers reporting varied performance in terms of volume growth and margin trajectories. In contrast, Maruti Suzuki India, Tata Motors, and Hyundai Motor India reported volume declines of 2–9% YoY during the same period. > Tata Motors India PV: EBIT margin declined by 10 bps QoQ and a …

Mahindra & Mahindra Financial Services Share Price Today on 12-11-2024: Mahindra & Mahindra Financial Services share price are down by -1.63%, Nifty down by -1.07%
1 month, 1 week ago

Mahindra & Mahindra Financial Services Share Price Today on 12-11-2024: Mahindra & Mahindra Financial Services share price are down by -1.63%, Nifty down by -1.07%

Live Mint  

Mahindra & Mahindra Financial Services Share Price Today on 12-11-2024: At 12 Nov 16:01 today, Mahindra & Mahindra Financial Services shares are trading at price ₹265.1, -1.63% down from the previous closing price. On the technical front, the stock is trading below the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages …

Mahindra & Mahindra Financial Services Share Price Today on 11-11-2024: Mahindra & Mahindra Financial Services share price are down by -2.28%, Nifty down by -0.03%
1 month, 1 week ago

Mahindra & Mahindra Financial Services Share Price Today on 11-11-2024: Mahindra & Mahindra Financial Services share price are down by -2.28%, Nifty down by -0.03%

Live Mint  

Mahindra & Mahindra Financial Services Share Price Today on 11-11-2024: At 11 Nov 16:00 today, Mahindra & Mahindra Financial Services shares are trading at price ₹269.7, -2.28% down from the previous closing price. On the technical front, the stock is trading below the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages …

Mahindra to Ramp Up Thar Production, Net Profit Up 13% to Rs 3,841 Crore
Trending News
1 month, 2 weeks ago

Mahindra to Ramp Up Thar Production, Net Profit Up 13% to Rs 3,841 Crore

Deccan Chronicle  

Pune: Mahindra & Mahindra, the SUV specialist, on Thursday said it is confident of doing better than the industry growth rate, and emphasized its earlier sales growth target of mid to high teens during the media interaction with journalists after the September quarter results on November 7. "Our SUV sales volumes increased by 18 per cent YoY, maintaining leadership in …

Mahindra & Mahindra Q2 net profit rises 35% to ₹3,171 crore
1 month, 2 weeks ago

Mahindra & Mahindra Q2 net profit rises 35% to ₹3,171 crore

The Hindu  

Mahindra & Mahindra Ltd reported 35% growth in consolidated net profit at ₹3,171 crore for the second quarter ended September 30, 2024, as compared with ₹2,348 crore in the year-ago period due to strong performance of all its businesses. Services business delivered 1.8 times net profit as compared to the year ago period, the company said. The auto business reported …

M&M Q2 results: Net profit rises 35% to ₹3,171 crore, revenue up 10% YoY
1 month, 2 weeks ago

M&M Q2 results: Net profit rises 35% to ₹3,171 crore, revenue up 10% YoY

Live Mint  

Mahindra & Mahindra Ltd on Thursday, November 7 reported a 35% year-on-year jump in its consolidated net profit to ₹3,171 crore for the second quarter of FY25. Meanwhile, the auto major's consolidated revenue from operations grew 10% YoY to ₹37,689 crore in Q2 FY24 from ₹34,281 crore in Q2 FY24. Automobile Segment Mahindra’s Auto segment revenue in Q2 FY25 grew …

Mahindra & Mahindra Financial Services Share Price Today on 07-11-2024: Mahindra & Mahindra Financial Services share price are down by -1.73%, Nifty down by -1.16%
1 month, 2 weeks ago

Mahindra & Mahindra Financial Services Share Price Today on 07-11-2024: Mahindra & Mahindra Financial Services share price are down by -1.73%, Nifty down by -1.16%

Live Mint  

Mahindra & Mahindra Financial Services Share Price Today on 07-11-2024: At 07 Nov 16:00 today, Mahindra & Mahindra Financial Services shares are trading at price ₹272.4, -1.73% down from the previous closing price. On the technical front, the stock is trading below the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages …

Mahindra's SUV Domination: The Roxx Propels Sales to New Heights
1 month, 3 weeks ago

Mahindra's SUV Domination: The Roxx Propels Sales to New Heights

ABP News  

Indian car buyers are showing a strong preference for SUVs, with Mahindra recording its highest ever sales thanks to the booming SUV segment. The 10-25 lakh segment has seen a significant surge in sales, with the Roxx SUV being a major driver of this growth. The brand has also launched the Thar Roxx, which has a waiting period that stretches …

Tata Motors Q1 Results 2024: Net Profit Jumps 73.7% to Rs 5,566 Crore, Revenue Up 5.7%
4 months, 3 weeks ago

Tata Motors Q1 Results 2024: Net Profit Jumps 73.7% to Rs 5,566 Crore, Revenue Up 5.7%

News 18  

Tata Motors Q1 Results 2024: Tata Motors on Thursday declared its Q1 financial results. The auto major posted a 73.77 per cent jump in its net profit to Rs 5,566 crore for the June 2024 quarter. Jaguar Land Rover’s revenues grew by 5.4 per cent to £7.3 billion, with EBIT margins of 8.9 per cent driven by favourable volume, mix …

Stocks to watch: Ambuja Cements, Maruti, Sun Pharma, M&M, Adani Power, Infosys
4 months, 3 weeks ago

Stocks to watch: Ambuja Cements, Maruti, Sun Pharma, M&M, Adani Power, Infosys

Live Mint  

Ambuja Cements: The company reported a consolidated profit of ₹646.31 crore for Q1FY25, a 28.6% YoY decline due to rising expenses and lower revenues. Tata Steel: The company reported a 51% jump in consolidated net profit to ₹960 crore for Q1FY25, up from ₹634 crore YoY, but missed analysts’ expectations of ₹1,025 crore. Redington: The company reported a 15% YoY …

Despite higher margins and top-line, M&M net slips 5.3 per cent to Rs 2,613 crore
4 months, 3 weeks ago

Despite higher margins and top-line, M&M net slips 5.3 per cent to Rs 2,613 crore

New Indian Express  

MUMBAI: The homegrown automaker Mahindra and Mahindra has reported a marginal 5.3 percent year-on-year fall in standalone net in the June quarter at Rs 2,613 crore despite a healthy topline growth and robust margins. The company said its market share from a revenue angle in the SUV segment rose at 21.6 percent, up 130 bps, and in tractors it retained …

Tech Mahindra net profit up 23% to Rs 851 cr; revenue from ops down 1.2% at Rs 13,159 cr
4 months, 4 weeks ago

Tech Mahindra net profit up 23% to Rs 851 cr; revenue from ops down 1.2% at Rs 13,159 cr

New Indian Express  

BENGALURU: Tech Mahindra on Thursday reported a 23% increase in its consolidated net profit at Rs 851.5 crore for the June quarter as against Rs 692.5 crore in the year-ago period. The company’s revenue from operations in the quarter stood at Rs 13,005 crore, down 1.2% YoY, compared to Rs 13,159 crore in the same quarter last year. Mohit Joshi, …

Kotak Mahindra Bank Q1 Results: Net Profit Surges 81% to Rs 6,250 Crore, NPA Flat
5 months ago

Kotak Mahindra Bank Q1 Results: Net Profit Surges 81% to Rs 6,250 Crore, NPA Flat

News 18  

Kotak Mahindra Bank Q1 Results: Kotak Mahindra Bank said on Saturday reported an 81 per cent surge in its standalone net profit to Rs 6,250 crore for the April-June 2024 quarter. Kotak Mahindra Bank’s standalone net profit, excluding subsidiaries, had stood at Rs 3,452 crore rupees in the corresponding period last year. Kotak recorded “exceptional” income of Rs 3,520 crore …

Bajaj Auto Q1 results: Net profit rises 19% to ₹1,988 crore; revenue up 16% YoY. Check key highlights
5 months, 1 week ago

Bajaj Auto Q1 results: Net profit rises 19% to ₹1,988 crore; revenue up 16% YoY. Check key highlights

Live Mint  

Bajaj Auto, the two and three-wheeler manufacturer, on Tuesday reported a net profit of Rs1,988 crore in the first quarter of FY25, upon a revenue of ₹11,928 crore. Here are key highlights from Bajaj Auto Q1 Results: Net Profit Bajaj Auto Q1 net profit rose 19.4% to Rs1,988 crore from ₹1,665 crore in the year-ago quarter. Revenue Bajaj Auto's revenue …

Mahindra & Mahindra records sharpest intraday fall in 28 months, plunges over 7%
5 months, 1 week ago

Mahindra & Mahindra records sharpest intraday fall in 28 months, plunges over 7%

Hindustan Times  

Shares of Mahindra and Mahindra fell 7.3 per cent to ₹2,711.75 on the BSE today. With this, the stock of the automobile company recorded its sharpest intraday fall in the past 28 months. In past eight months, the stock M&M has appreciated by 92 per cent and in the current calendar year 2024, it has rallied 70 per cent. Mahindra …

Stocks to Watch: APSEZ, Maruti, Hero Moto, Eicher, REC, Puravankara
6 months, 3 weeks ago

Stocks to Watch: APSEZ, Maruti, Hero Moto, Eicher, REC, Puravankara

Live Mint  

Adani Ports and Special Economic Zone: Adani International Ports Holdings Pte Ltd, a subsidiary of Adani Ports and Special Economic Zone Ltd, has signed a 30-year concession agreement with the Tanzania Ports Authority to operate and manage Container Terminal 2 at the Dar es Salaam Port in Tanzania. Maruti Suzuki India: The company's total sales dipped by 2% to 1.74 …

Heavy monsoon hopes drive up stock prices: Check these top performers
7 months ago

Heavy monsoon hopes drive up stock prices: Check these top performers

Hindustan Times  

Stocks reliant on rural revenues are rebounding on expectations of a bountiful monsoon season, potentially boosting agricultural output and rural spending. • The Nifty FMCG Index has seen a 1.5 per cent increase in May, outperforming the NSE Nifty 50 Index by over two percentage points, a significant reversal from previous months. • Hero MotoCorp Ltd. has observed a significant …

Mahindra & Mahindra share price jumps over 7% to record high after Q4 results
7 months, 1 week ago

Mahindra & Mahindra share price jumps over 7% to record high after Q4 results

Hindustan Times  

Mahindra & Mahindra share price: The share price of Mahindra & Mahindra rose 7 per cent today as analysts remained bullish on the stock and raised the target price following the company's robust Q4 results. The brokerage retained its ‘Buy’ rating and raised M&M share price target to ₹2,760 per share from ₹2,380 earlier. Emkay Global Financial Services upgraded FY25E …

Mahindra & Mahindra share price hits 52-week high to become top Nifty 50 gainer. Here's why
7 months, 3 weeks ago

Mahindra & Mahindra share price hits 52-week high to become top Nifty 50 gainer. Here's why

Hindustan Times  

Mahindra & Mahindra share price: The share price of Mahindra and Mahindra touched a 52-week high today after the carmaker unveiled its compact sports utility vehicle XUV 3XO. Mahindra & Mahindra share price: Mahindra's XUV 3XO bookings will open online and simultaneously at Mahindra dealerships from May 15. Mahindra & Mahindra XUV 3XO launched Mahindra unveiled the XUV 3XO which …

Tech Mahindra profit down 41%; sees turnaround
7 months, 4 weeks ago

Tech Mahindra profit down 41%; sees turnaround

New Indian Express  

BENGALURU: Tech Mahindra CEO and MD Mohit Joshi on Thursday at a post-earnings analyst call laid down a three-year road map and said FY25 will be a 'turaround phase', FY26 will be ‘stabilisation phase’ and FY27 will be ‘Reaping returns’. Tech Mahindra on Thursday posted a 41% YoY fall in its net profit for the March quarter at Rs 661 …

Carmakers post higher March sales, end fiscal 2024 at record levels
8 months, 3 weeks ago

Carmakers post higher March sales, end fiscal 2024 at record levels

Deccan Chronicle  

Top car makers in India such as Maruti Suzuki, Hyundai Motor, Tata Motors, Mahindra & Mahindra and Toyota Kirloskar Motor reported higher car sales in March and the automakers ended fiscal 2024 with record sales figures, monthly data from the companies showed on Monday.Every month, automobile makers release wholesale from their factory gates to dealers.The auto sector carries more than …

February PV sales jump 11% to 3.73 lakh units
9 months, 3 weeks ago

February PV sales jump 11% to 3.73 lakh units

New Indian Express  

NEW DELHI: In another bumper month for domestic automobile industry, domestic passenger vehicle sales stood at more than 3.73 lakh units in February 2024, up 11.3% year-on-year. During the first 11 months of FY24, PV sales surged to 38.59 lakh units, a growth of 8.6% YoY. Maruti reported a 9% growth in February 2024 domestic PV sales at 1,60,271 units …

M&M shares jump over 5% to record high on supply deal with Volkswagen
10 months, 1 week ago

M&M shares jump over 5% to record high on supply deal with Volkswagen

Live Mint  

Mahindra & Mahindra share price rallied over 5% to a 52-week high after the company signed a supply agreement for Volkswagen components to be used in its electric vehicles. The agreement between Volkswagen Group and M&M is for the supply of components of Volkswagen’s MEB for Mahindra’s purpose-built electric platform INGLO. Mahindra plans to launch five all-electric SUVs in India …

Mahindra has order backlog of 2.26 lakh SUVs
10 months, 1 week ago

Mahindra has order backlog of 2.26 lakh SUVs

New Indian Express  

NEW DELHI: Homegrown auto major Mahindra & Mahindra has a pending order book of 2.26 lakh sports utility vehicles as demand for its blockbuster products: Scorpio N, XUV 700 and Thar remains at an elevated level. M&M, while announcing its third quarter result, said that the order book for its SUV has now come down to 2.26 lakh open orders …

M&M Q3: Automaker Logs Net Profit Growth Of 34 Per Cent On Strong Sales
10 months, 1 week ago

M&M Q3: Automaker Logs Net Profit Growth Of 34 Per Cent On Strong Sales

ABP News  

Automaker Mahindra & Mahindra clocked a 34 per cent jump in its consolidated profit on a year-on-year basis in its third quarter earnings on Wednesday. The vehicle sales of the firm grew 20 per cent to 2,11,443 units sold in the October-December quarter in the current fiscal year, against 1,76,094 units sold in the corresponding quarter a year earlier. At …

Stocks to Watch: Adani Group, Mahindra & Mahindra, Zee, Hindalco, BHEL
10 months, 1 week ago

Stocks to Watch: Adani Group, Mahindra & Mahindra, Zee, Hindalco, BHEL

Live Mint  

Adani Group: US-headquartered ratings firm Moody's upgraded the ratings of two green energy firms and two electricity generation and distribution firms of the Adani Group following improved financials, timely debt repayments and a capital infusion by the group over the past year. On Tuesday, Moody's upgraded the ratings of four Adani firms to stable — Adani Green Energy Ltd, Adani …

Mahindra Q3 profit after tax up 34%
10 months, 1 week ago

Mahindra Q3 profit after tax up 34%

New Indian Express  

MUMBAI: Mahindra & Mahindra on Wednesday reported a 34 per cent increase in its consolidated profit after tax at Rs 2,658 crore for the third quarter ended December 31, 2023, driven by robust sales across verticals. The auto major had reported a profit after tax of Rs 1,984 crore for the October-December quarter of the last financial year. Revenue increased …

Mahindra & Mahindra Q3 net profit surges 60 per cent YoY to Rs 2,454 crore, revenue rises 16 per cent
10 months, 1 week ago

Mahindra & Mahindra Q3 net profit surges 60 per cent YoY to Rs 2,454 crore, revenue rises 16 per cent

India TV News  

Mahindra & Mahindra, the manufacturer of the 'Scorpio' SUV, reported a smaller-than-expected increase in third-quarter profit on Wednesday. The standalone profit after tax for Mahindra & Mahindra rose by 60.6 per cent to Rs 2,454 crore in the three months ending December 31. Farm has gained market share despite tough market conditions," M&M Managing Director & CEO Anish Shah said. …

Auto makers start 2024 on high note, report growth in January sales
10 months, 3 weeks ago

Auto makers start 2024 on high note, report growth in January sales

Hindustan Times  

Automobile makers in the country started the New Year on a positive note with most players across segments reporting higher sales volume in January compared to the same month last year. Maruti Suzuki India's total vehicle sales increased by 15.5 per cent at 1,99,364 units in January from 1,72,535 units in the same month last year, the company said in …

Mahindra Finance’s Q3 net profit declines 12% to ₹553 crore
10 months, 3 weeks ago

Mahindra Finance’s Q3 net profit declines 12% to ₹553 crore

Live Mint  

Mumbai: Mahindra Finance, a non-banking lender focused on auto finance, on Tuesday reported a 12 per cent decline in standalone net profit to ₹553 crore for the December quarter. On a consolidated basis, the company's net income declined 6 per cent to ₹623 crore from ₹664 crore and the total income rose 23 per cent to ₹4,137 crore. Adjusted for …

Maruti Suzuki Q3 results preview: Net profit likely to rise 20%, say analysts
10 months, 3 weeks ago

Maruti Suzuki Q3 results preview: Net profit likely to rise 20%, say analysts

Live Mint  

India's largest carmaker Maruti Suzuki is all set to announce its financial results for the third quarter ended December 31, 2023, on January 31. Analysts from various brokerages anticipate that the company is likely to experience a decline in margins on a sequential basis due to an unfavourable product mix and increased discounts offered during the December quarter. “We expect …

Tech Mahindra profit falls 61% to Rs 510 crore
10 months, 4 weeks ago

Tech Mahindra profit falls 61% to Rs 510 crore

New Indian Express  

BENGALURU: IT major Tech Mahindra on Wednesday reported a 60.6% year-on-year fall in net profit at Rs 510 crore in the December quarter compared to Rs 1,296.6 crore in the year-ago period. Mohit Joshi, MD and CEO, Tech Mahindra, said, “The quarter was a mixed outcome, with growth in the Manufacturing and Healthcare segments but muted spending in areas like …

Kotak Mahindra Bank Q3 results: Net profit rises 6.75% to ₹4,265 cr
11 months ago

Kotak Mahindra Bank Q3 results: Net profit rises 6.75% to ₹4,265 cr

Hindustan Times  

Kotak Mahindra Bank on Saturday reported a 6.75 per cent growth in consolidated net profit to ₹4,264.78 crore in the December quarter. On a standalone basis, the private sector lender's profit after tax rose to ₹3,005.01 crore from ₹2,791.88 crore in the year-ago period, but was lower than the preceding September quarter's ₹3,190.97 crore. Its total income rose to ₹14,096 …

M&M accelerates ‘Born EV’ plans, to expedite launches
11 months, 3 weeks ago

M&M accelerates ‘Born EV’ plans, to expedite launches

Live Mint  

Homegrown automaker Mahindra & Mahindra is expediting its plans to launch its ground-up electric vehicles, with four brand-new electric sport utility vehicles expected to be launched by the first quarter of calendar year 2025, persons in the know told Mint on condition of anonymity. The company is looking to advance its EV launch plans as it is eager to kick-off …

M&M auto sales in October up 32% to 80,679 units; tractor sales drop 3% YoY
1 year, 1 month ago

M&M auto sales in October up 32% to 80,679 units; tractor sales drop 3% YoY

Live Mint  

Mahindra & Mahindra Ltd, the automobile major, on Wednesday reported total auto sales for the month of October 2023 at 80,679 vehicles, a growth of 32% from 61,114 units in the same month last year. In the Farm Equipment Sector, M&M’s total tractor sales during October 2023 dropped 3% to 50,460 units, as against 51,994 units for the same period …

Tech Mahindra Q2 Preview: Expect muted set of numbers; Key factors to look out
1 year, 1 month ago

Tech Mahindra Q2 Preview: Expect muted set of numbers; Key factors to look out

Live Mint  

Tech Mahindra Q2 Preview: Pune-based IT major, Tech Mahindra Ltd, will report its Q2 results on Wednesday, October 25. "While the industry has witnessed an uptick in order inflow over the past two months with a focus on cost efficiency, the slowdown in project-based business is expected to hamper overall industry growth," said brokerage Motilal Oswal Financial Services in its …

Mahindra Logistics Q2 Results: Net loss at ₹15 crore, revenue up 2.9%
1 year, 2 months ago

Mahindra Logistics Q2 Results: Net loss at ₹15 crore, revenue up 2.9%

Live Mint  

Mahindra Logistics on 23 October announced their quarterly results for September of FY 2023-24 and said that the firm attained a loss of ₹15.5 crore against the profit of ₹11.9 crore achieved in the same period in FY 2022-23. Though the revenue was up 2.9 percent at ₹1,364.8 crore in Q2FY24 in comparison to ₹1,326.3 crore in the same period …

Maruti vs Mahindra SUV sales: Scorpio-maker races ahead of Brezza-maker in September
1 year, 2 months ago

Maruti vs Mahindra SUV sales: Scorpio-maker races ahead of Brezza-maker in September

India Today  

The SUV battle is getting interesting in India every month. In July, the SUV volumes of Maruti came in at 42,620 units against 36,205 units of Mahindra. In August, Maruti sold 41,658 units in comparison to 37,270 units by Mahindra. Mahindra, with 41,267 units, beat Maruti, which clocked 40,843 units, in September. Maruti vs Mahindra: SUV sales OEM September August …

Tech Mahindra’s turnaround in the offing; ICICI Securities upgrades stock to Buy
1 year, 3 months ago

Tech Mahindra’s turnaround in the offing; ICICI Securities upgrades stock to Buy

Live Mint  

Tech Mahindra share price gained over a percent to hite a fresh 52-high of ₹1,310.80 apiece on the BSE Friday. Brokerage firm ICICI Securities has upgraded its rating on Tech Mahindra to ‘Buy’ from ‘Sell’ and has increased its target price on the stock to ₹1,552 per share from ₹910 earlier. “We believe, EBIT margin improvement is a low hanging …

Mahindra Q1 results: Net profit rises 98%, revenue jumps 23%
1 year, 4 months ago

Mahindra Q1 results: Net profit rises 98%, revenue jumps 23%

India Today  

Homegrown auto major Mahindra & Mahindra today reported a growth of 98% year-on-year in standalone net profit at Rs 2,774 crore for the quarter ended June 2023 owing to handsome volumes in both auto and farm sectors. Category Q1 FY24 Q1 FY23 Growth Revenue from operations Rs 24,368 cr Rs 19,813 cr 23% Ebitda Rs 3,547 cr Rs 2,422 cr …

Tech Mahindra Q1 Results: Five key takeaways from IT major’s earnings
1 year, 4 months ago

Tech Mahindra Q1 Results: Five key takeaways from IT major’s earnings

Live Mint  

Tech Mahindra's Q1FY24 numbers came weak on expected lines. Here are five key highlights from Tech Mahindra's Q1 results: Subdued key numbers The company said its revenue for Q1FY24 fell 4.1 per cent quarter-on-quarter but rose 3.5 per cent year-on-year to ₹13,159 crore. Tech Mahindra's EBITDA for Q1FY24 came at ₹1,338 crore, down 33.8 per cent QoQ and 28.8 per …

Tech Mahindra Q1 Results: Net profit drops 38% to ₹692.3 cr, revenue up 3.5%
1 year, 4 months ago

Tech Mahindra Q1 Results: Net profit drops 38% to ₹692.3 cr, revenue up 3.5%

Live Mint  

Tech Mahindra Q1 Results: Tech Mahindra announced its April-June quarter results for fiscal 2023-24 on July 26, reporting a decline of 38 per cent in consolidated net profit at ₹692.5 crore, compared to ₹1,131 crore in the year-ago period. The IT major's consolidated revenue from operations during the first quarter of current fiscal stood at ₹13,159 crore, reporting a rise …

Bajaj Auto Q1 Results: Net profit rises 42% on year to ₹1,664.77 crore
1 year, 4 months ago

Bajaj Auto Q1 Results: Net profit rises 42% on year to ₹1,664.77 crore

Live Mint  

Bajaj Auto Ltd on Tuesday reported an 42% year-on-year rise in its net profit for the fiscal's first quarter ended June to ₹1,664.77 crore. The company's total revenue from operations rose nearly 29% on year to ₹10,309.77 crores during the quarter ended June from ₹8,004.97 crore in Q1FY23. All businesses contributing to the solid delivery - robust double digit motorcycle …

Indian auto industry grows to ₹8.7 lakh crore in FY23: Report
1 year, 5 months ago

Indian auto industry grows to ₹8.7 lakh crore in FY23: Report

The Hindu  

The Indian automobile sector has grown into a ₹8.7 lakh-crore industry by producing 2.7 crore vehicles in FY23, management consulting firm Primus Partners said in a report. Primus Partners said the PV segment grew to ₹5 lakh crore in FY23 and half of the revenue came from mid and full size SUVs. “As per our study, the Indian market is …

Mahindra and Mahindra share price jumps 5% after Q4 numbers; should you buy?
1 year, 6 months ago

Mahindra and Mahindra share price jumps 5% after Q4 numbers; should you buy?

Live Mint  

Mahindra and Mahindra share price rose over 5 per cent in early deals on Monday boosted by the company's healthy March quarter earnings. It also maintained a buy call on the stock with a target price of ₹1,470, slightly raising it from the earlier target price of ₹1,430, building in revenue and core earnings CAGR of 12 per cent and …

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