- Mahindra’s net income was 20.4 billion rupees, representing a 32% increase year-on-year and beating the estimate of 18.16 billion rupees.
- The automotive segment’s results came in at 17.5 billion rupees, a 48% increase year-on-year, surpassing the estimate of 16.43 billion rupees.
- However, the farm equipment segment witnessed a decrease, with results at 8.25 billion rupees which is a 16% decrease year-on-year. Yet, this too slightly surpassed the estimate of 8.13 billion rupees.
- There was other income amounting to 2.2 billion rupees, marking a 27% year-on-year decline.
- Total revenue was 251.1 billion rupees, higher than the estimated 240.3 billion rupees.
- Farm equipment revenue and automotive revenue were at 52.3 billion rupees (13% decrease y/y) and 199.1 billion rupees (20% increase y/y) respectively. Both exceeded their estimates.
- Total costs increased by 11% year-on-year, at 230.1 billion rupees.
- Ebitda came in at 34.5 billion rupees, a 22% increase year-on-year, which was higher than the estimated 30.54 billion rupees.
- The company declared a dividend per share of 21.10 rupees.
- The cost of raw materials was 183.3 billion rupees, representing a 9.4% increase year-on-year.
- Anish Shah has been re-appointed as the CEO and MD of the company.
- The company’s shares have recovered from losses and are now up by 0.6%.
- As of May 1, open bookings of SUV cars stood at 220,000.
- The company has 36 buy ratings, 5 hold ratings, and 0 sell ratings.
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
Based on the Smartkarma Smart Scores, Mahindra & Mahindra shows a promising long-term outlook. With a high score in Growth and Momentum, the company seems positioned for expansion and sustainable performance in the market. The strong emphasis on Dividend also indicates good returns for investors, showcasing a stable financial position. However, there are areas for improvement as indicated by the lower scores in Value and Resilience, suggesting the need for strategic adjustments to enhance competitiveness and withstand market challenges.
As a manufacturer of automobiles, farm equipment, and automotive components, Mahindra & Mahindra Ltd. offers a diverse range of products catering to both commercial and consumer markets. With a focus on innovative solutions and technological advancements, the company aims to maintain its position as a key player in the industry. By leveraging its strengths in growth and momentum, Mahindra & Mahindra is poised to capitalize on emerging opportunities and drive sustainable value for its shareholders.
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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