InvestorQ : How were the M&M results for the Jun-21 quarter?
Riya Dwivedi made post

How were the M&M results for the Jun-21 quarter?

shrinidhi Rajan answered.
9 months ago

Mahindra and Mahindra reported yoy increase in net profit at Rs.934 crore for Jun-21 quarter. This was largely triggered by an improved offtake of tractors and passenger vehicles and the low base effect. M&M had reported a net profit of just Rs.39 crore in the Jun-20 quarter, but that is not exactly comparable due to being a COVID quarter. However, operating performance was impacted by sustained increase in prices of as steel and metals.

The company’s performance dropped on a sequential basis due to the COVID 2.0 affliction having an impact on the numbers. Revenue from operations during the quarter increased 110% to Rs.11,763 as sales of tractors skyrocketed to 85,858 units from 26,619 units. In addition, the dispatches of passenger vehicles also increased by 52% to 99,127 units.