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M&M tops Q3 profit estimates
Financial Express Chandigarh
|February 08, 2025
NEW LAUNCHES REV UP Q3 EARNINGS
MAHINDRA & MAHINDRA (M&M) on Friday posted a 19% jump in its net profit to ₹2,964 crore in the December quarter at the standalone level, beating Street estimate, helped by a richer product mix in the SUV category, a surge in tractor volume and benign input costs. The Bloomberg standalone net profit estimate was ₹2,921 crore for Q3.
The automaker's standalone revenue from operations jumped 20% y-o-y to ₹30,538 crore, lower than the Bloomberg estimate of ₹30,837 crore. Helped by a strong growth in profitability in tractors, the operating margin improved to 15.5%, a 130-basis-point rise.
CFO Amarjyoti Barua said, "We continue to do extremely well in cash generation. From the beginning of the year, the business has generated over ₹4,000 crore in cash despite spending a significant amount of increased capex in the EV portfolio."
This story is from the February 08, 2025 edition of Financial Express Chandigarh.
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