- Mahindra’s net income for the first quarter was 26.1 billion rupees, a 5.4% decline year-over-year, missing the estimated 28.19 billion rupees.
- The automotive segment saw impressive results with 18 billion rupees, a 40% increase year-over-year.
- The farm equipment segment reported 15.1 billion rupees, a 16% increase year-over-year, surpassing the estimated 14.13 billion rupees.
- Other income dropped significantly by 61% year-over-year to 2.58 billion rupees.
- Revenue reached 270.4 billion rupees, a 12% rise year-over-year, but fell short of the estimated 280.1 billion rupees.
- Farm equipment revenue increased by 9.1% year-over-year to 81.4 billion rupees.
- Automotive revenue grew by 13% year-over-year to 189.5 billion rupees, exceeding the estimated 179.89 billion rupees.
- Total costs for the quarter were 239 billion rupees, a 10% increase year-over-year.
- Raw material costs rose by 11% year-over-year to 184.1 billion rupees.
- Current analyst ratings: 35 buys, 5 holds, and 1 sell.
A look at Mahindra & Mahindra Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
As per the Smartkarma Smart Scores, Mahindra & Mahindra is anticipated to have a positive long-term outlook. With a high score in Growth and Momentum, the company is poised for potential expansion and strong performance in the future. This indicates that Mahindra & Mahindra is likely to experience steady growth and have positive market momentum in the coming years. Additionally, the company also received a favorable score for Dividend, suggesting that it may provide attractive returns to shareholders through dividend payments.
While Mahindra & Mahindra scored lower in terms of Resilience, the overall positive ratings on Value, Dividend, Growth, and Momentum point towards a promising future for the company. With a diversified portfolio that includes manufacturing automobiles, farm equipment, and automotive components, Mahindra & Mahindra is positioned to leverage its strengths and capitalize on growth opportunities in the market.
Summary: Mahindra & Mahindra Ltd. is a company that engages in the manufacturing of automobiles, farm equipment, and automotive components. Their product range includes commercial vehicles, passenger cars, agricultural tractors, internal combustion engines, industrial petrol engines, and machine tools.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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