Mahindra & Mahindra Q4 net doubles to ₹2,608 crore

With the auto enterprise recording its highest-ever quarterly revenues and volumes and helped additional by an distinctive merchandise, sports activities utility automobile specialist Mahindra & Mahindra (M&M) greater than doubled its consolidated internet revenue for the quarter ended March 2022 in comparison with the identical quarter final 12 months.

The Mumbai-based maker of Scorpio and Thar recorded ₹2,608 crore in consolidated internet revenue throughout the reporting quarter as towards ₹1,150 crore reported throughout the identical quarter in 2021. M&M claimed to be sitting on open bookings of greater than 1,70,000 models, together with 78,000 of the XUV700 — the corporate’s flagship product.

The corporate has declared a ultimate dividend of ₹11.55 per share for FY22, representing 231 per cent of face worth.

An distinctive merchandise of ₹293.73 crore for the quarter for the reporting quarter represents the impairment of non-current belongings, impairment reversal (internet) of sure investments utilizing the fairness technique, and acquire on sale/change in possession curiosity in sure associates and joint ventures.

Rajesh Jejurikar, Government Director, M&M, stated, “We recorded our highest income for auto and farm tools phase in FY22. M&M grew to become primary in SUV income market share in This fall and H2 FY22, whereas FES gained 180 foundation factors market share in FY22. FES delivered the second highest full-year PBIT regardless of market slowdown and steep commodity inflation. Given the latest fiscal and financial measures by the federal government of India and RBI, we foresee the associated fee pressures within the financial system to ease out.”

Spike in volumes

Automotive volumes grew 43 per cent to 1,52,204 models throughout the March quarter as in comparison with 1,06,333 models offered throughout March 2021. Automotive volumes improved on the again on improved availability of semiconductors.

M&M claimed management place within the lower than 3.5 tonne truck phase whereas additionally claiming to clock its highest-ever quarterly sale of the Treo electrical three-wheeler. Tractor volumes dropped to 72,058 models, a fall of 23 per cent 93,044 models.

Consolidated whole revenue throughout the reporting March quarter stood at ₹26,215 crore, a progress of 20 per cent as towards ₹21,771 crore posted in the identical quarter in March 2021. EBITDA margin earlier than distinctive gadgets fell to 11.4 per cent throughout This fall FY22 in comparison with 14.6 per cent recorded throughout This fall FY21.

Revealed on

Could 28, 2022