M&M Q4FY22 Results: Auto major’s consolidated profit surges 48% YoY to Rs 2237 cr, announces Rs 11.5 apiece final dividend for FY22

Auto major Mahindra and Mahindra (M&M) reported strong fourth-quarter numbers for the financial year 2021-22 (Q4FY22). Both the top and bottom lines of the company registered double-digit growth during the quarter.

M&M’s consolidated PAT (Profit After Tax) after EI grew by 48 per cent to Rs 2,237 crore in Q4FY22 as compared to Rs 1513 crore, the company said in a regulatory filing on Saturday. Similarly, its consolidated revenue stood at Rs 1990 crore in March quarter up 21 per cent year-on-year.

The auto company announced a final dividend for FY22 of Rs 11.55 per share, which is 231 per cent of face value, it also said in an exchange filing.

M&M achieved the number 1 position in SUV revenue market share in the second half of FY22, while the auto business delivered the highest ever quarterly UV volumes in Q4 with 42 per cent YoY growth and Farm Equipment Sector (FES) Tractors Market Share for FY22 at 40 per cent, it said.

“Despite significant challenges due to various factors like Covid, Commodity prices, semiconductor shortages and the Ukraine conflict, the company has delivered strong results at the consolidated level, Anish Shah, Managing Director & CEO, M&M Ltd said in his commentary.

Meanwhile, Manoj Bhat, Group Chief Financial Officer, M&M Ltd, said, "Our focus on capital allocation and improved financial metrics continue to deliver results and on a journey towards 18 per cent Return on Equity.”

In the automotive segment, M&M said, “Semiconductor supplies improved in Q4 resulting in highest ever Quarterly UV Volumes. Leadership position in LCV <3.ST for the 8th consecutive year. Reported the highest ever quarterly sales of Treo in the EV 3W segment.”