Automobile company Mahindra & Mahindra announced FY23 results: FY23 Consolidated PAT after EI at Rs 10,282 crore, up 56% FY23 Consolidated Revenue at Rs 1,21,269 crore, up 34% #1 in SUV revenue market share for 5 consecutive quarters with FY23 share at 19.1%, up 370 bps #1 in in LCVs: market share (<3.5T) at 45.5%, up 520 bps #1 in Farm Equipment: market share at 41.2%, up ~300 bps in last 2 years #1 in electric 3 wheelers: market share at 67.6% ROE for FY23 at 19.9%, higher than committed levels of 18% Dr. Anish Shah, Managing Director & CEO, M&M; Ltd. said, “It has been a blockbuster year for the group. Auto led the way with record-breaking launches, as we regained the #1 position for SUV revenue market share. LCVs, Farm equipment, and electric 3 wheelers continue to strengthen our leadership position. Amongst the group companies, MMFSL turnaround is clearly visible with record disbursement and improved asset quality. Our growth gems continue to execute on their scale-up strategy. We are very well positioned for the future, based on a strong presence in key industries, leadership in technology and a growth mindset, coupled with fiscal discipline.” Mr. Rajesh Jejurikar, Executive Director & CEO (Auto and Farm Sector), M&M; Ltd. said, “We are excited about the market momentum in both the auto and farm equipment segments and about crossing the milestone of 1.1 million vehicles in FY23. The response to new products has been very good with exciting new launches planned over the next 12 months. The efforts on cost management have led to consistent margin improvement.” Result PDF