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Mahindra & Mahindra Ltd - Q1FY14 Results First Cut - Microsec
Posted On : 2013-08-18 00:14:03( TIMEZONE : IST )
Mahindra & Mahindra Ltd announced its Q1FY14 results on 13th August 2013. The company's Net sales increased by 6.99% on YoY but declined by 4.43 on QoQ basis. EBITDA increased by 16.0% on YoY basis. EBITDA Margin of the company increased from 11.84% to 12.85% on YoY basis. PAT increased by 5.50% and 29.30% on QoQ and YoY basis respectively. Profit increased because of higher other income.
The farm segment registered revenue of Rs 3900 crore as against Rs 3078 crore in the same quarter last fiscal.
The good growth in the profits of the entity in the quarter is due to a very good volume performance by the farm equipment sector and tight control on expenses.
During the quarter the automobile industry, which has been facing a challenging time, shrank by 2% . The company sold 56,969 passenger utility vehicles.
