Mahindra and Mahindra reported its September quarter results on Thursday (November 7, 2024). In the reporting quarter, the auto major’s consolidated PAT rose 35 percent year-on-year to Rs 3,171 crore. The company said it reported strong growth across all businesses during the review period.
In the same quarter last year, consolidated PAT stood at Rs 2,348 crore. Zee Business Research had expected the company’s standalone profit to decline slightly by 0.1% to Rs 3,450 crore.
Revenue at the company, during the quarter under review, increased by 10 percent from Rs 34,436 crore reported in Q2FY24 to Rs 37,924 crore in the quarter just ended.
Auto and Farm delivered strong operating results with profits up 23 percent. Financial services AUM grew by 20 percent, added the company’s press release. The company said it reported strong growth across all businesses.
After the company’s profit, the stock was down 0.74 percent or Rs 21.75 per share at Rs 2,912.95 apiece on the BSE.
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