Categories AlphaGraphs, Earnings, Industrials, LATEST

Mahindra & Mahindra Limited Q1FY23; Staggering 418% Growth in Profits

Revenue for Q1 FY23 has increased by 48% YoY to ₹ 28,412 crores. Profits have grown 418% YoY to ₹ 2,196 crores.

In this quarter’s results, the management suggested that the firm’s increased profitability are driven by strong results in Automotive Segments with SUV market share a priority and Farm Segments driven by Tractor revenues.

To further compare this quarter’s results to the past, check out this link.

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