Indian auto giant soars with an impressive 57 per cent rise in PAT!
Company's remarkable numbers ignite a surge in share prices
As the financial results season unfolds, Mahindra & Mahindra Ltd report for the fourth quarter and year end concluding on March 31, 2023. Let's delve into the exciting outcomes.
In comparison to the same quarter last year, the company's net profit for the fourth quarter that ended on March 31, 2023, increased by 14.96 per cent to Rs 2998.37 crore from Rs 2608.13 crore on a consolidated basis. In Q4FY23, the company's total revenue climbed by 25.31 per cent to Rs 32,849.56 crore from Rs 26215.47 crore in the same quarter the previous year.
The company reported a 56.82 per cent increase in net profit for the year ended March 31, 2023, reaching Rs 11,374.48 crore from Rs 7253.01 crore on a consolidated basis. When compared to the year ended March 31, 2022, the company's total revenue climbed by 34.43 per cent, reaching Rs 1,22,475.04 crore compared to Rs 91,105.08 crore for the year ended March 31, 2022.
The board has recommended a final dividend of Rs 16.25 per equity share with a face value of Rs 5 each, which represents 325 per cent of the face value for the financial year ended March 31, 2023, subject to the approval of shareholders in the upcoming 77th Annual General Meeting.
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In last trading session, the stock closed at Rs 1281.85. Today, it opened at Rs 1321.05 and currently trading at Rs 1328.50, up by 3.60 per cent. The company has a market cap of approximately Rs 1,65,000 with a 52-week high of Rs 1396 and a 52-week low of Rs 922.65.
Mahindra & Mahindra Ltd is one of the most diversified automobile company in India with presence across 2-wheelers, 3-wheelers, PVs, CVs, tractors & earthmovers.