Mahindra & Mahindra Q1 PAT Surges 56 per cent to Rs 3,683.87 Crore on Strong Automotive Performanc

Mahindra & Mahindra Ltd reported robust financial results for the June quarter of 2023-24, with a notable 56.04% rise in consolidated profit after tax (PAT), amounting to Rs 3,683.87 crore. The impressive performance was primarily driven by the strong performance of its automotive segment.

In comparison, during the same quarter last fiscal year, the company had recorded a consolidated PAT of Rs 2,360.70 crore, as stated in a regulatory filing.

The revenue from operations also showcased substantial growth, reaching Rs 33,406.44 crore, up 17.57% from Rs 28,412.38 crore in the corresponding period of the previous year.

However, total expenses increased to Rs 30,492.08 crore compared to Rs 26,195.01 crore in the same quarter a year ago.

Mahindra & Mahindra Ltd reported robust financial results for the June quarter of 2023-24, with a notable 56.04% rise in consolidated profit after tax (PAT), amounting to Rs 3,683.87 crore. The impressive performance was primarily driven by the strong performance of its automotive segment.

In comparison, during the same quarter last fiscal year, the company had recorded a consolidated PAT of Rs 2,360.70 crore, as stated in a regulatory filing.

The revenue from operations also showcased substantial growth, reaching Rs 33,406.44 crore, up 17.57% from Rs 28,412.38 crore in the corresponding period of the previous year.

However, total expenses increased to Rs 30,492.08 crore compared to Rs 26,195.01 crore in the same quarter a year ago.

With input from PTI