New Delhi. Mahindra & Mahindra’s consolidated net profit in the fourth quarter of the last financial year increased by 18 percent year-on-year to Rs 2,637 crore. The company performed well across all segments including vehicles, farm equipment and financial services during this period.
The company informed the stock market on Friday that it had earned a net profit of Rs 2,237 crore in the same quarter last year. Mahindra & Mahindra said that its revenue increased from Rs 25,934 crore for the quarter ended March 2022 to 32,366 crore in the 2023 quarter to Rs.
The company’s integrated net profit for the full financial year 2022-23 increased by 56 percent to Rs 10,282 crore, from Rs 6,577 crore in the previous financial year. Mahindra & Mahindra said that it made the highest ever profit in the last financial year.
The company’s revenue is expected to increase from Rs 90,171 crore in 2021-22 to Rs 1,21,269 crore in 2022-23. Mahindra & Mahindra Managing Director and Chief Executive Officer Anish Shah said, “This year has been excellent for the group. The vehicle segment has been at the forefront of multiple vehicle launches and we have the largest share of the SUV market in terms of revenue.”
PC:Spinny
Read the Latest India News Today on The Eastern Herald.
