Mahindra & Mahindra Limited (M&M) is a Mumbai-based, multinational Indian automotive manufacturing company. It was founded in 1945 under the name Mahindra & Mohammed and changed to Mahindra & Mahindra subsequently.
M&M, a member of the Mahindra Group, is one of India’s top car producers by production. By volume, Mahindra Tractors, one of its divisions, is the world’s biggest tractor manufacturer. In 2018, Fortune India 500 placed, it 17th on a list of the best firms in India. Tata Motors and Maruti Suzuki are two of its principal rivals in the Indian market.
Mahindra & Mahindra Ltd on Friday reported a 56.04 per cent rise in consolidated profit after tax at Rs 3,683.87 crore for June quarter 2023-24, riding on strong performance of its automotive segment.
The company had posted a consolidated profit after tax (PAT) of Rs 2,360.70 crore in the same quarter last fiscal, Mahindra & Mahindra (M&M) said in a regulatory filing.
Revenue from operations stood at Rs 33,406.44 crore as compared to Rs 28,412.38 crore in the year-ago period, up 17.57 per cent, it added.
Total expenses were higher at Rs 30,492.08 crore as against Rs 26,195.01 crore in the same quarter a year ago.
