Mahindra & Mahindra Ltd.

Mahindra & Mahindra reported results for fourth quarter (Q4) and year ended March 31, 2023.

The company has reported 22.11% rise in its net profit at Rs 1548.97 crore for the quarter under review as compared to Rs 1268.55 crore for the same quarter in the previous year. Total income of the company increased by 31.13% at Rs 22905.23 crore for Q4FY23 as compared to Rs 17467.52 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 14.96% rise in its net profit at Rs 2998.37 crore for fourth quarter ended March 31, 2023 as compared to Rs 2608.13 crore for the same quarter in the previous year. Total income of the company increased by 25.31% at Rs 32849.56 crore for Q4FY23 as compared to Rs 26215.47 crore for the corresponding quarter previous year.

For the year ended March 31, 2023, the company has reported 34.47% rise in its net profit at Rs 6548.64 crore as compared to Rs 4869.88 crore for the previous year. Total income of the company increased by 46.23% at Rs 87505.43 crore for year under review as compared to Rs 59840.69 crore for year ended March 31, 2022.

For the year ended March 31, 2023, on the consolidated basis, the company has reported 56.82% rise in its net profit at Rs 11374.48 crore as compared to Rs 7253.01 crore for the previous year. Total income of the company increased by 34.43% at Rs 122475.04 crore for year under review as compared to Rs 91105.08 crore for year ended March 31, 2022.