Mahindra and Mahindra Ltd consolidated Q1 FY2023-24 net profit surges to Rs. 3508.41 crores

Mahindra & Mahindra Limited has reported Consolidated financial results for the period ended June 30, 2023.

Financial Results (Q1 FY2024) - QoQ Comparison

The company has reported total income of Rs. 34698.68 crores during the period ended June 30, 2023 as compared to Rs. 32849.56 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 3508.41 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 2636.67 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 31.37 for the period ended June 30, 2023 as compared to Rs. 23.58 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 34698.68 crs	₹32849.56 crs	5.63%
Net Profit	₹3508.41 crs	₹2636.67 crs	33.06%
EPS	₹31.37	₹23.58	33.04%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 34698.68 crores during the period ended June 30, 2023 as compared to Rs.28628.39 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.3508.41 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.2195.54 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.31.37 for the period ended June 30, 2023 as compared to Rs.19.65 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 34698.68 crs	₹28628.39 crs	21.20%
Net Profit	₹3508.41 crs	₹2195.54 crs	59.80%
EPS	₹31.37	₹19.65	59.64%

Shares of Mahindra & Mahindra Limited was last trading in BSE at Rs. 1468.35 as compared to the previous close of Rs. 1485.80. The total number of shares traded during the day was 101531 in over 10479 trades.

The stock hit an intraday high of Rs. 1501.00 and intraday low of 1449.05. The net turnover during the day was Rs. 149857026.00.

Source : Equity Bulls

Keywords

MahindraandMahindra Q1FY24 ResultUpdate