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M&M tops Q3 profit estimates
Financial Express Hyderabad
|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 estimates, 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.
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