New Delhi: Homegrown Auto Major Mahindra & Mahindra (M & M) on Tuesday reported an increase of more than eight times in independent profit after tax (PAT) at 1,432 crore Rs for the second quarter which ended September 30, 2021, up behind the strong sales .
Mumbai-based companies have posted Pat Mandiri RS 162 Crore in the previous July-September-September period of fiscal.
Revenue for the second quarter rose 15 percent to RS 13,305 Crore by opposing Rs 11,590 Crore in the past year period, M & M said in the submission of regulations.
The company said it would sell 99,334 vehicles during the period reviewed, up 9 percent from 91,536 units in the second second quarter of fiscal.
However, the sales of the M & M tractor decreased by 5 percent to 88,920 units in the second quarter compared to 93,246 units in the period last year.
Consolidated, the Mahindra Group reported Pat RS 1,929 Crore compared to RS 615 Crore at Q2 2020-21.
Revenues rose to RS 21,470 Crore in the second quarter compared to Rs 19,227 Crore in the last year period.
“We have seen significantly around our performance improvement.
Our strong show in the car and agriculture sector is well equipped with improved performance in group companies.
Our investment in a digital platform is fine and presents meaningful opportunities to create and open value , “said the Managing Director of M & M and CEO Anish Shah.
Executive Director M & M Rajesh Jejurikar stated that the agricultural equipment sector (FES) continued to provide strong performance both in the provisions of market share and financial metrics despite steep commodity inflation.
“We have blockbuster Xuv7oo launching bookings more than 70rb.
The demand for our other key automotive products also remains strong.
With the availability of better semiconductors, we hope to maintain the momentum of Q3 volume growth and so on.
Management and optimization has helped reduce some impacts.
M & M reported an increase of 8 times in Q2 profit at RS 1,432 Crore
