M&M consolidated profit rises 25 per cent to Rs 4,588 crore
Mahindra & Mahindra reported a 25 per cent jump in revenue for the second quarter of FY27, driven by automotive growth.
Mahindra & Mahindra (M&M) recorded a 25 per cent year-on-year increase in consolidated net profit to Rs 4,588 crore for the second quarter of FY27, according to Moneycontrol. The company's revenue also grew by 25 per cent to reach Rs 57,553 crore.
The automaker's shares rose 4.8 per cent to Rs 3,104 during Thursday afternoon trade following the earnings report. The company's market capitalisation was approximately Rs 3.86 lakh crore.
On a standalone basis, M&M's net profit increased 13 per cent to Rs 5,102 crore, up from Rs 4,521 crore in the same period last year. Revenue from operations for the standalone entity rose 26 per cent to Rs 44,282 crore.
The automotive business saw consolidated revenue increase 39 per cent to Rs 37,756 crore. However, the farm equipment business reported a 6 per cent decline in consolidated revenue to Rs 9,572 crore and a 9 per cent drop in consolidated net profit to Rs 1,053 crore.
Group CEO and Managing Director Anish Shah said that the auto segment grew due to strong consumer demand, while the farm business saw a marginal decline because of a shift in the festive season.
Other group businesses included Mahindra & Mahindra Financial Services (MMFSL), which saw a 61 per cent increase in net profit, and Tech Mahindra, which reported an EBIT margin of 14.8 per cent.