Comments
Driven by an increase in volume in the automobile and farm segments, Indian automaker Mahindra & Mahindra (M&M) is expected to report strong revenue growth.
According to analysts, the company is expected to report an overall 12 per cent in volumes during the quarter.
“We expect M&M’s revenues to grow 17.5 per cent year-on-year, 12.6 per cent quarter-on-quarter at Rs 28,270 crore. The overall volumes for 1QFY25 increased by 12.6 per cent quarter-on-quarter, whereas the tractor volume increased by 69.5 per cent quarter-on-quarter,” stated YES Securities.
Analysts said the company saw a strong uptick in tractor volume growth during the quarter.
“We estimate a 14 per cent year-on-year increase in revenues in 1QFY25 led by 13 per cent year-on-year growth in tractor segment revenues and 15 per cent year-on-year increase in automotive segment revenues,” mentioned Kotak Equities.
Mahindra & Mahindra had reported a 4 per cent rise in consolidated net profit at ₹2,754 crore for the quarter that ended in March. The company’s revenue from operations increased by 9 per cent with ₹35,373 crore reported in the March quarter.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.