Rewardingourinvestors

M&M Q2 profit rises 44% to INR 2,773 crore

The Board of Directors of Mahindra & Mahindra Limited approved the financial results for the quarter and half year that ended September 30, 2022, of the company and the consolidated Mahindra Group.

Highlights of the financial results

  • Highest ever quarterly revenue and PAT for M&M standalone
  • M&M operating margin at 12.0%
  • Exports for both vehicles and tractors remains strong

Automotive

  • M&M remains market leader in SUVs for 3 consecutive quarters (revenue market share)
  • LCV 2-3.5T: Achieved 60% market share in Q2 F23 (uptick of 10.8% YoY)
  • E-3Ws: Achieved highest ever quarterly billing of 10,625 units

Farm equipment

  • H1 market share at 41.5%: Uptick of 0.5% YoY
  • 2nd highest Q2 domestic volumes (88k tractors)
  • Highest Q2 exports (4.6k tractors)
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