Mahindra & Mahindra Ltd.

BSE: 500520 | NSE: M&M
Large Cap | Automobiles - Passenger Cars
3657.45
-1.30 (-0.04%)
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Mahindra & Mahindra reports 56% rise in Q1 consolidated net profit

Date: 04-08-2023

Mahindra & Mahindra has reported results for first quarter ended June 30, 2023 (Q1FY24). 

The company has reported 97.61% rise in its net profit at Rs 2,773.73 crore for the quarter under review as compared to Rs 1,403.61 crore for the same quarter in the previous year. Total income of the company increased by 25.43% at Rs 25,025.95 crore for Q1FY24 as compared Rs 19,952.88 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 56.05% rise in net profit at Rs 3,683.87 crore for the first quarter ended June 30, 2023 as compared to Rs 2,360.70 crore for the same quarter in the previous year. Total income of the company increased by 21.20% at Rs 34,698.68 crore for Q1FY24 as compared Rs 28,628.39 crore for the corresponding quarter previous year.