M&M Ltd announces Q3 results

M&M Ltd. unveiled a robust Q3 performance across its diversified portfolio, marked by solid operating results across its business verticals. Notably, the automotive segment showcased remarkable resilience, with continued market share gains in both SUVs and LCVs.

Despite industry decline, the Farm sector demonstrated an increase in market share, reaching 41.8%. MMFSL’s turnaround remained on track, while Tech M has initiated a promising turnaround under the new CEO. The company’s Growth Gems achieved a remarkable 3.3x growth. Additionally, strategic investments like the Renewables InvIT listing and NIIF's India-Japan Fund investment in LMM have marked Mahindra's commitment to scale and innovation.

With consolidated PAT up by 34% the Group remains steadfast in delivering value to its shareholders and stakeholders alike.

For an in-depth understanding of the highlights, watch our leaders, Dr Anish Shah (Group CEO and MD), Rajesh Jejurikar (Executive Director and CEO, Auto and Farm Sectors) and Manoj Bhat (Group CFO) break down and analyse the Q3 results in the recording below.

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