For Mahindra & Mahindra Limited, M&M, the second quarter for FY25 is a growth-significant period as its different businesses have operated magnificently. For the quarter of this year, M&M managed to earn a consolidated revenue of Rs 37,924 crore reporting a growth of 10% year on year as compared Rs 34,436 crore in Q2 FY24.
The company for the first time declared consolidated earnings with profit after tax (PAT) increased by 35% over the corresponding period last year at Rs 3,171 crore up from Rs 2,348 crore last year.
M&M Executive Chairman Anand Mahindra attributed the performance to strong results generated from its Auto and Farm businesses, which increased profits by 23 percent. The company also mentioned that its financial services group improved its AUM by 20% while Tech Mahindra experienced a positive trend in the BFSI sector with EBIT improvement by as much as 490 basis points.
For the standalone results, M&M presented revenues of INR 28,919 crores in the last quarter, which is 12% growth from INR 25,762 crores in Q2 FY24. Standalone PAT grew by 13% YoY to Rs 3,841 crore whereas EBITDA increased 21% to Rs 5,270 crore indicating the operational efficiency and rise in profitability.
These results show that M & M is showing results focused on steady growth even in difficult market conditions but with an emphasis on improving margins and value creation in different businesses.
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As stated in Bhagavad Gita :
“व्यासेन ग्रथितं पुराणमुनिना।
महाभारतम्।”
The great sage vyasa compiled the ancient histories, the puranas, and the mahabharata.
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