Mahindra & Mahindra (M&M) announced a standalone net profit of 1,549 crores in March 2023, a 22.1% increase over the previous year’s comparable quarter of 1,268 crores.
Mahindra and Mahindra (M&M) is a leading Indian multinational corporation that operates in numerous sectors which includes automotive, aerospace, agribusiness, defense, hospitality, and more. The enterprise become founded in 1945 as a metallic buying and selling corporation and has grown into an assorted conglomerate with a worldwide presence.
The automotive area is one of the critical regions of M&M’s operations. The business enterprise is known for its range of SUVs, pickups, and business automobiles. It has a strong presence within the Indian market and is likewise increasing globally. M&M has joint ventures with numerous international groups including Ford, Renault, and SsangYong.
Apart from automobiles, M&M is also involved in agribusiness thru its subsidiary, Mahindra Agri Solutions. The agency offers several products and services which include seeds, crop safety, irrigation, and extra. M&M is committed to selling sustainable agriculture practices and has released several projects to support farmers.
In the aerospace quarter, M&M has a joint mission with Airbus known as Mahindra Aerospace. The enterprise produces plane components, and aerostructures, and gives engineering services. M&M is also involved in defense manufacturing through its subsidiary, Mahindra Defence Systems.
M&M has a strong recognition of sustainability and company social duty (CSR). The organization’s CSR initiatives are aimed at enhancing the lives of human beings in the groups where it operates. M&M has launched numerous packages related to education, healthcare, the environment, and extra.
You reported that the company’s revenue from operations increased 31% in Q4FY23 to 22,571.4 crores from 17,237 crores.
On the operational front, EBITDA climbed 44.5% year on year to 2,797.4crorese from 1,936crorese, while the EBITDA margin increased 120 basis points to 12.4% from 11.2%.
