Friday, 26 May 2023

Mahindra & Mahindra Q4 result: Net profit rises 22.1% YoY to Rs 1,549 crore, misses estimate

 Mahindra & Mahindra posted a net profit of  Rs 1,549 crore for the quarter ended March, up from  Rs 1,268 crore in the base quarter. The net profit was up 22.1 percent and up 67 percent YoY including exceptional items. Analysts' expectations on the YoY increase had varied between 39-69 percent.

Revenue for the quarter came at Rs 22,571,4 crore, up 31 percent from Rs 17,237 crore in the same quarter of the previous fiscal. Revenue growth was above analyst estimates of 28-29 percent growth.

Brokerages were expecting revenue to be between Rs 21,890 crore and Rs 22,042 crore, and net profit to be between Rs 1,620 crore and Rs 1,948 crore.

For FY23, the company posted an posted an all-time high record annual net profit of Rs 10,282 cr, up 56%. "This was driven by successful mega launches in Automotive, steady growth at Farm Equipment, strong operating performance at Financial Services and value unlock through monetisation/partnerships," said company statement.

 

https://www.awp.ac.th/?dwqa-question=how-should-i-use-silver-conductive-adhesive
https://yec.edu.mm/members/jaebenson/activity/5676/
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