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Mahindra & Mahindra Ltd. Q2 FY2024 results: revenue ₹34,436 crore, up 15.3% on the year

Mahindra & Mahindra Ltd. (M&M) reported consolidated revenue from operations of ₹34,436 crore for Q2 FY2024, the quarter ended 30 September 2023, up 15.3% on the same quarter a year earlier. Profit after tax was ₹2,484 crore, down 17.8% on the year, and earnings per share ₹21.07. The figures are the company's own, from the unaudited results it filed with NSE on 10 November 2023.

Revenue from operations₹34,436 croreup 15.3%
Profit after tax₹2,484 croredown 17.8%
EPS₹21.07
QuarterQ2 FY2024ended 30 September 2023

The quarter, against the one before and a year earlier

LineQ2 FY2024Quarter beforeA year earlierChange on the year
Revenue from operations34,436n/an/an/a
Other income592n/an/an/a
Total income35,027n/an/an/a
Cost of materials consumed20,509n/an/an/a
Purchases of stock-in-trade1,892n/an/an/a
Changes in inventories-1,468n/an/an/a
Employee benefit expense2,716n/an/an/a
Finance costs1,835n/an/an/a
Depreciation, depletion and amortisation1,139n/an/an/a
Other expenses5,057n/an/an/a
Total expenses31,680n/an/an/a
Profit before exceptional items and tax3,347n/an/an/a
Exceptional items0n/an/an/a
Profit before tax3,347n/an/an/a
Current tax1,184n/an/an/a
Deferred tax-100n/an/an/a
Total tax1,084n/an/an/a
Profit after tax2,484n/an/an/a
Attributable to owners of the parent2,348n/an/an/a
Other comprehensive income44n/an/an/a
Total comprehensive income2,528n/an/an/a
EPS, basic₹21.07n/an/an/a
EPS, diluted₹20.99n/an/an/a

₹ crore except per share.

Leverage, as the company states it

LineQ2 FY2024Quarter beforeA year earlierChange on the year
Debt to equity0.00n/an/a
Debt service coverage0.06n/an/a
Interest service coverage0.00n/an/a

Debt to equity, debt service coverage and interest service coverage are the figures the company prints in its result statement under the listing regulations.

Quarterly results, the last 12 quarters

Q2 FY2024Q3 FY2024Q4 FY2024Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025Q1 FY2026Q2 FY2026Q3 FY2026Q4 FY2026Q1 FY2027
Sales34,43635,29935,45237,21837,92441,47042,59945,52946,10652,10054,98258,188
Expenses31,68032,14332,17233,33034,30937,09739,11441,28041,19246,56149,61551,943
Operating profit5,7306,2246,6047,2437,1338,2317,9118,2288,92910,1079,71610,565
OPM %17%18%19%19%19%20%19%18%19%19%18%18%
Other income5925113564096594117029176768599951,016
Interest1,8351,9451,9892,1082,2172,3622,3972,4312,3472,4052,4072,560
Depreciation1,1391,1231,3351,2481,3021,4952,0291,5481,6692,1631,9431,760
Exceptional items000000000-29300
Profit before tax3,3473,6673,6354,2964,2744,7854,1875,1665,5896,1046,3617,261
Tax %32%26%25%25%32%31%26%25%37%25%26%22%
Net profit2,4842,9773,1253,5463,3613,6243,5424,3773,9645,0215,2605,998
EPS in ₹₹21.07₹23.86₹24.71₹29.44₹28.43₹28.51₹29.52₹36.58₹32.90₹41.85₹41.77₹48.80
FilingNSENSENSENSENSENSEFilingFilingFilingFilingFilingFiling

₹ crore except per share, consolidated, as filed with the exchange. Operating profit is sales less the expenses other than interest and depreciation, OPM is that over sales, and tax % is tax over profit before tax: arithmetic on the filed lines; everything else is as filed. Quarters before December 2024 are from the exchange's earlier results feed, which carries the filed lines without the filing itself; the column links to the exchange's page for the company.

Source

Unaudited consolidated results for the quarter ended 30 September 2023, filed with NSE on 10 November 2023: the result statement. All of Mahindra & Mahindra Ltd.'s results: NSE company page.

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