Mahindra & Mahindra Quarterly Results

Charts

YoY Net Sales (Quarterly)

Operating Margin

EPS Growth

POSITIVES

Revenue growth of 12% QoQ indicates strong demand in the manufacturing sector, supporting the company's market position.
Operating margin improved to 15%, reflecting better cost management and operational efficiency.
Net profit surged by 20% QoQ, showcasing effective strategies in enhancing profitability.

NEGATIVES

Raw material costs increased by 10%, putting pressure on profit margins despite revenue growth.
Debt-to-equity ratio rose to 1.2, indicating higher leverage and potential financial risk.
Inventory turnover decreased, suggesting slower sales or overproduction, which could impact cash flow.

Field	Jun 23	Sep 23	Dec 23	Mar 24	Jun 24	Sep 24	Dec 24	Mar 25	Jun 25	Sep 25
Revenue	33,891.60	34,435.52	35,299.39	35,451.73	37,217.72	37,923.74	41,470.05	42,599.31	45,529.19	46,105.67
Expenses	27,645.76	28,705.94	29,075.41	28,847.82	29,974.60	30,790.34	33,239.32	34,688.37	37,301.39	37,176.58
Operating Profit	6,245.84	5,729.58	6,223.98	6,603.91	7,243.12	7,133.40	8,230.73	7,910.94	8,227.80	8,929.09
Other Income	807.05	591.71	510.52	355.71	408.77	659.22	411.33	701.73	916.92	675.51
Interest	1,718.84	1,835.19	1,944.88	1,989.30	2,107.69	2,217.02	2,362.16	2,396.52	2,431.19	2,347.03
Depreciation	1,127.50	1,138.64	1,122.59	1,335.05	1,247.77	1,301.99	1,495.17	2,028.72	1,547.56	1,668.89
Profit Before Tax	4,467.89	3,567.70	3,912.20	4,030	4,620.87	4,739.96	5,091.99	4,626.80	5,644.11	6,057.93
Tax	784.02	1,083.73	935.16	905.06	1,075.09	1,378.90	1,467.51	1,084.95	1,267.53	2,094.18
Net Profit	3,683.87	2,483.97	2,977.04	3,124.94	3,545.78	3,361.06	3,624.48	3,541.85	4,376.58	3,963.75
Eps in Rs	31.50	21.07	23.86	24.71	29.44	28.43	28.51	29.52	36.58	32.90