Mahindra & Mahindra posted a 42% jump in net profit for the fiscal fourth quarter, fueled by growth across automotive, farm equipment, and services sectors. Revenue also rose significantly, despite supply chain challenges. Shares surged following the better-than-expected results.
Mahindra & Mahindra announced strong financial results for the March quarter, with net profit surging 42%. The company saw growth in its automotive, farm equipment, and services businesses, aided by a diversified portfolio that offset supply chain disruptions. Its electric vehicle arm leads the eSUV market by revenue, according to The Economic Times reporting on the results from The Economic Times as first reported by The Economic Times. Automotive margins remained flat amid these gains. Shares rose on the announcement, driven by robust farm equipment market share and automotive segment performance. Input cost pressures caused a sequential drop in EBITDA margin, even after price hikes. Analysts note that automotive demand is expected to continue, while tractor volume growth may moderate due to a high base and a potentially weaker monsoon.
