Earnings Alerts

Mahindra & Mahindra (MM) Earnings: June Automotive Sales Surge to 69,397 Units, Reflecting 11% Growth

  • Mahindra’s automotive sales for June 2024 reached 69,397 units.
  • Overall automotive sales showed an 11% growth compared to last year.
  • The company exported 2,597 automotive units in June 2024.
  • Passenger vehicle sales amounted to 40,022 units.
  • Commercial vehicle sales totaled 20,594 units.
  • Tractor sales for June 2024 reached 45,888 units.
  • Tractor exports in June 2024 stood at 1,431 units.
  • Analyst recommendations for Mahindra are: 35 buys, 4 holds, and 1 sell.

A look at Mahindra & Mahindra Smart Scores

FactorScoreMagnitude
Value3
Dividend4
Growth5
Resilience2
Momentum3
OVERALL SMART SCORE3.4

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

In analyzing the long-term outlook for Mahindra & Mahindra, the Smartkarma Smart Scores paint a promising picture for the company. With a high score of 5 in Growth, Mahindra & Mahindra is positioned well for future expansion and development. This indicates that the company has strong potential for long-term growth opportunities in its core business areas.

Additionally, Mahindra & Mahindra received a solid score of 4 in Dividend, suggesting that the company has a good track record of rewarding its shareholders with stable dividend payments. However, there are areas to watch, such as the lower score of 2 in Resilience, indicating some potential vulnerabilities in terms of withstanding economic challenges. Overall, the combined scores reflect a predominantly positive outlook for Mahindra & Mahindra‘s future prospects.

**Summary of Mahindra & Mahindra Ltd.:** Mahindra & Mahindra Ltd. is a company that manufactures automobiles, farm equipment, and automotive components. Their product range includes commercial vehicles, passenger cars, agricultural tractors, and various types of engines.


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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