The margins of the automobile business improved 170 basis points (bps) year-on-year (Y-oY) to 8.8 per cent, while FES (Farm Equipment Sector) margins improved to 15.8 per cent (up 60 bps Y-o-Y), despite a decline in volumes due to cost optimisation and lower raw material costs.
The market valuation of M&M hit the ₹3.12 trillion mark for the first time on Friday, as the company's shares touched a 52-week high on the bourses. There is a strong demand momentum for utility vehicles (UVS) and hopes for a revival in tractor demand will be the key growth drivers during FY24-26.
The Q4FY24 revenue and Ebitda and adjusted profit after tax (PAT) grew 11 per cent, 16 per cent and 3 per cent Y-o-Y, respectively to ₹25,110 crore, ₹3,240 crore and ₹2,040 crore. The FY24 revenue, Ebitda and adjusted PAT grew 16 per cent, 24 per cent and 35 per cent Y-0Y, respectively.
Bu hikaye Business Standard dergisinin May 18, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Business Standard dergisinin May 18, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Giriş Yap
Indian-American Bruhat Soma wins National Spelling Bee
Bruhat Soma, a 12-year-old IndianAmerican seventh-grade student from Florida, has won the Scripps National Spelling Bee after he spelt 29 words correctly in the tiebreaker, maintaining the dominance of the children from the small ethnic community in the prestigious competition.
Charging ahead
Chandra tells SOHINI DAS why he is determined to focus on net carbon zero rather than lose track to distractions
WIND BENEATH INDIGO'S WINGS
Turboprop planes have helped IndiGo rule the regional aviation network for the last five years. And there might be more coming
S&P may raise ratings if fiscal glide path stays
Says will closely observe India's policy for 2 yrs
Georgia reaches out to India to begin FTA talks
Georgia, the Southern Caucasus country, has reached out to India to start negotiations for a free-trade agreement (FTA), said a person aware of the matter.
States hit 84% of FY24 capex target
The provisional accounts of 25 states for the financial year 2023-2024 (FY24) showed they achieved 84 per cent of the budgeted capital expenditure, with four states Uttar Pradesh, Telangana, Bihar, and Sikkimspending 100 per cent or more than the targeted amount, according to data compiled by the Comptroller and Auditor General of India (CAG).
Tata Capital eyes 35% rise in FY25 retail loans
Tata Capital expects its retail loan portfolio to grow 35 per cent in the financial year 202425 (FY25) - slightly slower than the previous year due to a high base effect and a slowdown in personal loans due to regulatory action, said a senior executive of the company.
NIFTY SEES RARE DECLINE AFTER 3 MONTHS OF GAIN
The benchmark Nifty ended May with a decline of 0.3 per cent, snapping its three-month winning streak, amid heightened volatility.
After rally, NMDC stock to price in positives
NMDC, the country's largest ironore miner, posted a consolidated revenue in the January-March quarter of FY24.
Some economic sectors trading at ‘euphoric valuations
The Indian stock market is a mix of optimism about the economy and \"euphoria\" that is not linked to fundamentals, said analysts at Kotak Securities ahead of election results on Tuesday.