Mahindra and Mahindra Q2 results FY25 disclosed a 35% year-on-year increase in the consolidated net profit. On the M&M Q2 results date which was November 7, 2024, the Mahindra and Mahindra share price closed at ₹2,891.35. On November 8, 2024, Mahindra and Mahindra share price opened at ₹2,910.
M&M Q2 Results FY25: Key Highlights
- Mahindra and Mahindra results pointed out strong growth across businesses in Q2 FY25 with Consolidated Revenue at ₹37,924 crores, up 10%.
- Consolidated PAT of ₹3,171 crores, up 35% on strong growth across businesses.
- Auto and Farm delivered robust operating results with profits up 23%. Financial services AUM grew by 20%. TechM showed good traction in BFSI and EBIT improvement of 490 bps. Services delivered 1.8x PAT vs Q2 FY24 as per the the Mahindra and Mahindra results.
- SUV revenue market share at 21.9%, up 190 bps; PBIT margin at 9.5%, up 140 bps.
- Farm Market share 42.5%, up 90 bps; PBIT margin 17.5%, up 150 bps.
- Auto reported the highest-ever quarterly volumes at 231k, up 9%; the highest-ever quarterly UV volumes at 136k as mentioned in the M&M Q2 results.
- Mahindra and Mahindra share price generated positive returns of 0.74% in the last 1 day as on November 8, 2024 (at 11:10).
Mahindra and Mahindra Q2 Results: Management Commentary
Dr. Anish Shah, Managing Director & CEO of Mahindra & Mahindra said that – “Our businesses have delivered a solid operating performance this quarter. Auto and Farm continued to strengthen market leadership by gaining market share and expanding margins. MMFSL GS3 remained under 4% (at 3.8%) and end losses have improved structurally. TechM delivered a good quarter and the long-term focus remains on reverting to past profitability. Our growth gems are progressing well on the 5x challenge.”
Highlighting the Mahindra and Mahindra share price performance, it has generated a positive return of 3.37% in the last 1 week (as on November 8, 2024). Keep exploring stocks and open demat account with SMC Global Securities. Stay tuned for the upcoming Nifty 50 companies quarterly results.
References
https://www.smctradeonline.com/research/equity-analysis/242
https://economictimes.indiatimes.com/mahindra-mahindra-ltd/stocks/companyid-11898.cms
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