The Board of Directors of
Q1 FY2022
Financial Results
M&M Q1 Revenue
Consolidated Revenues at
Farm Equipment Sector (
Auto business continues strong booking pipeline; Market share up compared to Q4 FY21
New launches on track with Bolero Neo and Supro Profit Truck launches
Standalone Operating PAT
Consolidated PAT at
Key highlights below: See details at:
https://www.mahindra.com/news-room/press-release/mm-financial-results-q1-fy2022
Highlights of the financial results are :
M&M operating margin at 13.9% despite Covid challenges and commodity price increase
Continued focus on cost optimization and operating leverage helped maintain margins
Farm Equipment
Farm Equipment Segment Revenue of
The tractor industry witnessed strong demand growth (39%) during the quarter. The growth in company's volume (48%) led to highest domestic market share in 8 quarters (41.8%)
The Farm Business delivered excellent performance with highest ever first quarter PBIT and ROCE.
Automotive
Automotive Segment Revenue of
New launches on schedule
Supro Profit Truck was launched on 7th July offering Mileage and Payload guarantee
Received very positive initial feedback
Bolero Neo was launched on 13th July:
Only true-blue SUV in Sub 4m. segment
~5,500+ bookings achieved in less than a month
The Sector continued its focus on cost optimization and reduction of fixed expenses
Others
Mahindra and
Commenting on Q1 FY22 performance ...
Dr.
Mr.
Mr.
Disclaimer:
All statements included or incorporated by reference in this media release, other than statements or characterizations of historical fact, are forward-looking statements. These forward-looking statements are based on our current expectations, estimates and projections about our industry, management's beliefs and certain assumptions made by us. Although M&M believes that the expectations reflected in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Any forward-looking statement speaks only as of the date on which such statement was made, and M&M undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. No assurance can be given that actual results, performance or achievement expressed in, or implied by, forward looking statements within this disclosure will occur, or if they do, that any benefits may be derived from them.
About Mahindra
Founded in 1945,theMahindra Group is one of the largest and most admired multinational federation of companies with 260,000 employees in over 100 countries. It enjoys a leadership positionin farm equipment, utility vehicles, information technology and financial services in
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