In this article, we will talk about M&M Q2 Results. Mahindra & Mahindra (M&M) Limited is an Indian multinational automotive manufacturing company. It was established in 1945 as Mahindra & Mohammed and later renamed Mahindra & Mahindra. The company is headquartered in Mumbai. A major company M&M will today declare its financial results for the second quarter of FY24. Since the news has come on the internet it has gone viral on the social media platforms. Now many people are curious to know about the whole information. In this article, we will give complete information about the news, so let’s continue the article.
M&M Q2 Results 2023 Preview
The passenger vehicle (PV) and retail vehicles (CV) manufacturer is expected to see decent revenue development in Q2FY24 on the back of strong volumes, while margins may remain under stress sequentially due to an unfortunate mix. From a demand perspective, the July-September quarter of FY24 was a mixed bag for the car industry led by year-on-year (YoY) expansion for PVs and CVs. Communications for SUV remained strong and fueled by order book execution and advancement in the supply chain situation. Scroll down to the next page for more information about the news.
But, demand negotiated for more bass-end PVs in the overall auto sector. Among all the segments, MHCV seemed to be better placed despite a drop in discounts, driven by healthy demand across most of the underlying industries, analysts stated. M&M’s total volume development remained strong in Q2FY24 led by enhancing the supply chain and execution of order books. But, the weakness has been seen in tractor volumes. The firm’s total volume growth during the quarter was 11% YoY at 302,139 units. You are on the right page for more information about the news, so please read the complete article till the end.
As far as we know, M&M’s income in the quarter finished September 2023 is expected to increase by 19% to ₹25,000 crores from ₹21,010 crores in the corresponding quarter of the previous fiscal year, according to the average estimates of five brokerages. The firm’s net profit during the quarter is expected to grow 27% to ₹2,944.2 crore from ₹2,315.9 crore, YoY. Net realization is expected to improve by 7.1% to ₹82,384.6 crore from ₹76,897.4 crore, YoY. At the operational level, earnings before interest, tax, depreciation, and amortization (EBITDA) margin may expand by 100 basis points (bps) to 12.9% from 11.9%, YoY. Here we have more information which we had. Stay tuned to us for more updates.