Mahindra & Mahindra announced Q1FY23 Result : Q1 FY23 Standalone PAT after EI at Rs 1,430 crores up 67% Q1 FY23 Consolidated PAT after EI at Rs 2,196 crores up 418% Highest ever quarterly standalone revenue for Auto and Farm Segments at Rs. 18,995 crores Farm Equipment Sector (FES) Tractors Market Share for Q1 FY23 at 42.7%, uptick of 0.9% YoY M&M; continues to be No.1 in SUV Revenue Market Share (17.1%) FES achieved highest ever domestic quarterly volumes (112.3k tractors) and exports (5.1k tractors) Auto delivered highest ever quarterly SUV (75.4k) and Pik-up (46k) volumes M&M; Operating Margin at 11.9% Successful launch of All new Scorpio-N – 25k bookings within 1 minute; 100k bookings within 30 minutes Last Mile Mobility: No 1 electric 3W company with market share of 75.4% in Q1 FY23 Commenting on Q1 FY23 performance … Dr. Anish Shah, Managing Director & CEO, M&M; Ltd, said, “Our performance this quarter is a reflection of the focus on delivering on our commitments to our stakeholders and customers. We saw good momentum across all our group companies, led by the strong results of the Auto and Farm sector.” Mr. Rajesh Jejurikar, Executive Director, M&M; Ltd, said, “We recorded our highest quarterly revenue for Auto and Farm segments and delivered robust operational and financial performance in Q1 FY23. M&M; continues to maintain its no.1 position in SUV Revenue Market Share, while FES strengthened its leadership position with 42.7% tractor market share. With 273k+ bookings, the demand for the automotive product portfolio remainsstrong. Following the blockbuster launch of Scorpio-N, we are excited about the next phase with the unveil of our Born Electric Vision later this month.” Mr. Manoj Bhat, Group Chief Financial Officer, M&M; Ltd, said, “We were able to deliver robust results despite the volatility, which is a testament to our business model. Our progress on our goals on RoE and growth are on track.” Result PDF
Conference Call and Management Meet with Mahindra & Mahindra Top Management and Analysts on Business Performance and Outlook. Watch the full video transcript. Management in attendance: MD & CEO Anish Shah and Senior Team