Between July and September 2021, M&M’s net profit stood at Rs. 1,432 crores, an increase of 8X over Q2 FY2021. The company’s total revenue increased by 15 percent to Rs. 13,305 crores.
see photosMahindra’s Q2 FY2022 net profit stood at Rs. 1,432 crores, an increase of 8X over Q2 FY2021
Mahindra & Mahindra has released the financial results for the second quarter of the financial year 2021-22. For the quarter ended September 30, 2021, the domestic automaker reported a profit after tax (PAT) of ₹ 1,432 crore, which is 8X the profit of ₹ 162 crore the company reported during the same quarter in 2020. registered an increase. For July and September 2021, M&M’s total revenue from operations was ₹13,305 crore, which is a growth of 15 per cent as compared to ₹11,590 crore revenue of the registered automaker in Q2 FY2021.
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Mahindra GroupConsolidated PAT for the previous quarter stood at ₹ 1,929 crore, an increase of 214 per cent, as compared to a profit of ₹ 615 crore reported in Q2 FY2021. The Group’s consolidated revenue for the period stood at ₹ 21,470 crore, which is 12 per cent higher than the ₹ 19,227 crore revenue registered during the corresponding quarter of the previous financial year.
Mahindra Group’s consolidated PAT for Q2 FY2022 stood at Rs 1,929 crore, a growth of 214 per cent over Q2 FY21.
Commenting on the company’s strong performance, Anish Shah, Managing Director and CEO, M&M said, “We have seen significant improvement in our performance in the quarter. Our strong performance in the auto and agriculture sectors was complemented by better performance in the group companies. in. Our investment in the digital platform is doing well and presents a worthwhile opportunity to create and unlock value.”
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Mahindra’s half-yearly performance was equally impressive, with the company reporting a 9X increase in PAT over H1 FY2021 to ₹2,287 crore. Also, Mahindra & Mahindra’s revenue grew by 46 per cent to Rs 25,068 crore between April and September 2021. At the same time, the consolidated PAT of the group increased by 316 per cent to ₹ 2,353 crore, while the consolidated revenue increased by 30 per cent to ₹ 40,642 crore.
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Mahindra launched the all-new XUV700 in the second quarter of FY 2022, which alone has garnered over 70,000 bookings
Between July and September 2021, Mahindra & Mahindra sold 99,334 vehicles in India, a growth of 9 percent compared to 91,536 units sold during the same period in 2020. During the July-September 2021 quarter, Mahindra got a total of over 1.6 lakh passenger vehicles. Booking, out of which, XUV700 It alone accounted for over 70,000 bookings.
Mahindra’s farm equipment sector exports grew 105 per cent in H1 FY22, compared to the previous year
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The company’s tractor sales, however, declined by 5 per cent to 88,920 units in the second quarter of FY21 as compared to 93,246 tractors sold in the previous fiscal. Mahindra Tractors market share is said to have increased by almost 2 per cent to 40.1 per cent in Q2 FY2022. Also, the exports of the company’s farm equipment sector grew by 105 percent in the first half of FY 2022 as compared to the previous year.
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