- M&M Q2 revenue
- Highest ever quarterly standalone and consolidated revenue
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- No.1 in SUV revenue market share in Q2 F23, open bookings at 260k+ in SUVs, reflecting strong automotive demand.
See details at: https://www.mahindra.com/news-room/press-release/mm-q2-pat-at-rs-2090-crore-up-46-percent-q2-consolidated-pat-at-rs-2773-crore-up-44-percent
Highlights of the financial results are:
Highest ever quarterly revenue and PAT for M&M standalone
M&M operating margin at 12.0%
Exports for both vehicles and tractors remains strong
Automotive
M&M remains market leader in SUVs for 3 consecutive quarters (revenue market share)
LCV 2-3.5T: Achieved 60% market share in Q2 F23 (uptick of 10.8% YoY)
E-3Ws: Achieved highest ever quarterly billing of 10,625 units
Farm equipment
H1 market share at 41.5%: Uptick of 0.5% YoY 2nd highest Q2 domestic volumes (~88k tractors) Highest Q2 exports (4.6k tractors)
Commenting on Q2 FY23 performance Dr
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.
Media contact information
Pramuch Goel
Email - goel.pramuch@mahindra.com
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