Latest news with #M&M
NDTV
15 hours ago
- Automotive
- NDTV
Mahindra Posts 24 Pc Hike In Net Q1 Profit, Total Income At Rs 45,529 Cr
Mumbai: Mahindra & Mahindra on Wednesday posted a 24 per cent year-on-year increase in its consolidated net profit to Rs 4,083 crore for the June quarter, driven by broad-based growth across business verticals. The company reported a net profit of Rs 3,283 crore for the April-June quarter of the last fiscal. Total income from operations rose to Rs 45,529 crore in the June quarter against Rs 37,218 crore in the year-ago period, the Mumbai-based company said in a regulatory filing. The company stated that auto and farm businesses continue to deliver on growth and margins with profits up by 20 per cent. Financial services assets under management (AUM) grew at 15 per cent while Tech Mahindra (TechM) continued its journey of margin expansion with EBIT improvement of 260 basis points (bps). Amongst the company's growth gems, Mahindra Logistics showed strong revenue momentum with 14 per cent growth and Mahindra Holidays & Resorts India (MHRIL) expanded room inventory by 10 pe cent, it added. "Q1 F26 has been an excellent quarter, with broad-based growth across all our businesses. The operating excellence in our Auto and Farm businesses is evident in continued market share gains and margin expansion," Mahindra & Mahindra (M&M) Group CEO & MD Anish Shah said. TechM is witnessing momentum on deal wins, sustaining cost discipline and is moving steadily towards its F27 margin objectives, he added. "Our growth gems are progressing well on their value creation journeys," Shah noted. Elaborating further, M&M Executive Director & CEO (Auto and Farm Sector) Rajesh Jejurikar said the businesses continue to lead with strong momentum in Q1 F26, with a gain of 570 bps YoY in SUV revenue share. "In tractors, we gained 50 bps YoY to reach 45.2 per cent market share, the highest ever in a quarter. Our Auto Standalone PBIT margin improved by 50 bps to 10 per cent, and core tractor PBIT margins improved by 100 bps to 20.7 per cent," he added. During the April-June quarter, the company sold 2,47,249 units, an increase of 17 per cent as compared with 2,11,550 units in the year-ago period. Tractor sales increased 10 per cent year on year to 1,32,964 units in the June quarter. M&M Group Chief Financial Officer Amarjyoti Barua said: "We are pleased with the performance of the group in the quarter, despite several macro challenges including geopolitical disruptions. It demonstrates the resilience of the group. With our continued focus on capital discipline & operational metrics, we remain committed to shareholder value creation." Shares of the company on Wednesday ended 0.62 per cent up at Rs 3,217.05 apiece on the BSE.
Business Standard
21 hours ago
- Automotive
- Business Standard
Mahindra & Mahindra Q1 PAT climbs 32% YoY to Rs 3,450 cr
Mahindra & Mahindra's standalone net profit surged 32% to Rs 3,449.84 crore in Q1 FY26 as against Rs 2,612.63 crore recorded in Q1 FY25. Revenue from operations increased 26.1% year on year (YoY) to Rs 34,083.23 crore in the quarter ended 30 June 2025. Profit before tax was at Rs 4,471.25 crore in Q1 FY26, registering a growth of 31.3% from Rs 3,406.22 crore in Q1 FY26. EBITDA grew by 17% to Rs 4,795 crore in the first quarter of FY26, compared with Rs 4,116 crore recorded in the similar quarter last year. Total vehicle sales stood at 2,47,249 units in Q1 FY26, marking a 17% increase compared to 2,11,550 units sold in Q1 FY25. The company also recorded solid growth in its tractor segment, with 1,32,964 units sold during the quarter, up 10% from 1,20,492 units in the same period last year. In Q1, the company maintained its leadership across multiple segments. It remains #1 in SUVs, with a market share of 27.3%, reflecting a 570 bps increase, and saw a 22% growth in SUV volumes. It also leads in LCVs (<3.5T), capturing 54.2% of the market, up 340 bps. In the tractor segment, the company holds a market share of 45.2%, up 50 bps, and continues to dominate in electric 3-wheelers with a market share of 38.7%. Furthermore, MMFSL's AUM grew by 15%, with GS3 remaining below 4%, staying within the defined range. Lastly, Tech Mahindra reported a strong performance, with EBIT up by 260 bps, driven by a continued focus on margin expansion. On consolidated basis, the companys net profit gained 23.4% to Rs 4,376.58 crore on 22.8% rise in revenue from operations to Rs 45,435.88 crore in Q1 FY26 over Q1 FY25. The companys revenue from automotive segment was at Rs 25,998.71 crore (up 31.46% YoY) while revenue Farm Equipment sector (FES) stood at Rs 10,891.56 crore (up 12.15% YoY). Dr. Anish Shah, Group CEO & managing director, M&M, said, Q1 FY26 has been an excellent quarter, with broad-based growth across all our businesses. The operating excellence in our Auto and Farm businesses is evident in continued market share gains and margin expansion. Tech Mahindra is witnessing momentum in deal wins, maintaining cost discipline, and is moving steadily towards its FY27 margin objectives. MMFSLs calibrated approach to growth is reflected in stable asset quality, with GS3 under 4%, as committed. Our Growth Gems are progressing well on their value-creation journeys. Rajesh Jejurikar, executive director & CEO (Auto and Farm Sector), M&M, said, Our Auto and Farm businesses continued to show strong momentum in Q1 FY26, with a gain of 570 bps YoY in SUV revenue share and 340 bps YoY in LCV (<3.5T) market share. In Tractors, we gained 50 bps YoY to reach a 45.2% market share the highest ever in a quarter. Our Auto Standalone PBIT margin (excluding eSUV contract manufacturing) improved by 50 bps to 10.0%, while core Tractor PBIT margins improved by 100 bps to 20.7%. Amarjyoti Barua, group chief financial officer, M&M, said: We are pleased with the groups performance this quarter, despite several macro challenges, including geopolitical disruptions. It demonstrates the resilience of the group. With our continued focus on capital discipline and operational metrics, we remain committed to shareholder value creation. M&M Group enjoys a leadership position in farm equipment, utility vehicles, information technology and financial services in India. It is the world's largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate. Shares of Mahindra & Mahindra rose 0.19% to Rs 3,212 on the BSE.
Business Upturn
a day ago
- Business
- Business Upturn
Top stocks to watch today, July 31: Tata Steel, M&M, Tata Motors, Jio Financial in focus; IndiGo, Indus Towers under pressure
Indian equities are likely to react to a series of earnings reports, corporate developments, and tariff-related pressures. Here are the top stocks to watch on Wednesday: Tata Steel: The company reported Q1FY26 results above estimates, with India EBITDA per tonne at ₹15,240, surpassing the Street's expectation of ₹14,500 per tonne. Mahindra & Mahindra (M&M): Q1 earnings were largely in line with estimates. The management has maintained its growth guidance, offering confidence in rural demand and upcoming UV/BEV launches. Tata Motors: The auto major announced a €3.8 billion all-cash deal to acquire Iveco Group's non-defence business, strengthening its global commercial vehicle presence. Jio Financial Services: Promoters will infuse ₹15,825 crore through a preferential issue at ₹316.50 per share for a 7% post-issue stake, signaling strong promoter confidence. Kaynes Technology: The company posted a strong margin beat, with EBITDA surging 69% year-on-year. Navin Fluorine: Q1 EBITDA margin improved to 28.5% from 19.2% a year ago, with revenue rising 39% YoY. ITD Cementation: EBITDA grew 5.2% while net profit rose 37% YoY, reflecting operational stability. JB Chemicals: The company posted a 7.5% rise in EBITDA and 9% increase in revenue YoY. Sagility India: EBITDA surged 78%, with margins expanding to 22.4% from 15.8% YoY. InterGlobe Aviation (IndiGo): Q1 profit declined 20% YoY, missing estimates due to weaker yields and high cancellations amid geopolitical disruptions. Indus Towers: Reported margin dropped to 54.5% from 56.9%, while profit fell 2.4% QoQ, missing analyst expectations. Textile and seafood stocks: These sectors may face headwinds after the U.S. imposed a 25% tariff on Indian imports, along with additional penalties, impacting export-dependent companies. Indraprastha Gas (IGL): Q1 volumes declined 0.6%, with revenue down 0.2% QoQ, despite better-than-expected margins. Hitachi Energy: While ordering activity remained robust, Q1 results missed estimates, weighing on sentiment. Sonata Software: EBIT fell 10.7% QoQ and margin dropped to 4.5% from 5.7%, missing forecasts. CAMS: Revenue, EBITDA, and net profit all missed estimates, with EBITDA margin contracting by 118 basis points sequentially. Disclaimer: The views expressed in this article are based on company disclosures and public updates, and do not constitute investment advice. Please consult your financial advisor before making any investment decisions. Ahmedabad Plane Crash
Time of India
a day ago
- Automotive
- Time of India
Mahindra & Mahindra shares in focus after Q1 profit jumps 24% YoY to Rs 4,083 crore. Should you buy, sell or hold?
Mahindra & Mahindra shares: The company posted a 24% increase in its consolidated net profit compared to the same period last year. Mahindra & Mahindra shares: The company reported revenue of Rs 45,436 crore for the quarter, marking a 23% increase compared to Rs 37,010 crore in Q1FY25. Sequentially, profit grew by 24% from Rs 3,295 crore in Q4FY25, while revenue rose 7% from Rs 42,586 crore. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Should you buy, sell, or hold M&M's stock? Here's what brokerages say: Nuvama Avendus Shares of Mahindra & Mahindra (M&M) will be in focus on Thursday after the company reported a 24% year-on-year rise in its consolidated net profit to Rs 4,083 crore for Q1FY26, compared to Rs 3,283 crore in the same quarter last for the quarter stood at Rs 45,436 crore, up 23% from Rs 37,010 crore in Q1FY25. On a sequential basis, profit rose 24% from Rs 3,295 crore in Q4FY25, while revenue increased 7% from Rs 42,586 company posted strong operational performance across segments, with the auto and farm equipment businesses continuing to drive growth and maintain margins, leading to a 20% rise in profits, according to a company category, the company held a 54.2% market share, up 340 the farm segment, M&M claimed a 45.2% market share in tractors, up 50 bps YoY, and a 38.7% market share in electric has maintained a 'Buy' rating with a target price of Rs 3, brokerage expects the auto segment to clock a 14% CAGR between FY25–28E, driven by strong demand and new model launches. The farm segment is projected to grow at 10% CAGR, aided by market share gains and supportive policies. It also forecasts a 13% CAGR in revenue and core earnings, with RoIC expected to stay above 55%. The target price is based on 25x September 2027 core has also retained a 'Buy' rating but revised its target price to Rs 3,650 from Rs 3, firm is optimistic about M&M's EV plans via Born EV platforms BE 6 and XEV 9e. The core ICE business is expected to remain resilient, backed by capacity expansion and a strong order book. Automotive volume CAGR is projected at 19% for FY25–27E, while tractor volume is expected to grow at a mid-single-digit rate. However, rising EV contribution may pressure margins. The target price is based on a 27x FY27E EPS under the SOTP valuation model.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Economic Times
a day ago
- Automotive
- Economic Times
Mahindra & Mahindra shares in focus after Q1 profit jumps 24% YoY to Rs 4,083 crore. Should you buy, sell or hold?
Shares of Mahindra & Mahindra (M&M) will be in focus on Thursday after the company reported a 24% year-on-year rise in its consolidated net profit to Rs 4,083 crore for Q1FY26, compared to Rs 3,283 crore in the same quarter last year. ADVERTISEMENT Revenue for the quarter stood at Rs 45,436 crore, up 23% from Rs 37,010 crore in Q1FY25. On a sequential basis, profit rose 24% from Rs 3,295 crore in Q4FY25, while revenue increased 7% from Rs 42,586 crore. The company posted strong operational performance across segments, with the auto and farm equipment businesses continuing to drive growth and maintain margins, leading to a 20% rise in profits, according to a company statement. M&M retained leadership in the SUV segment, achieving a 27.3% revenue market share—up 570 basis points YoY. SUV volumes grew 22% during the quarter. In the LCV (3.5T) category, the company held a 54.2% market share, up 340 the farm segment, M&M claimed a 45.2% market share in tractors, up 50 bps YoY, and a 38.7% market share in electric three-wheelers. ADVERTISEMENT Nuvama has maintained a 'Buy' rating with a target price of Rs 3, brokerage expects the auto segment to clock a 14% CAGR between FY25–28E, driven by strong demand and new model launches. The farm segment is projected to grow at 10% CAGR, aided by market share gains and supportive policies. It also forecasts a 13% CAGR in revenue and core earnings, with RoIC expected to stay above 55%. The target price is based on 25x September 2027 core EPS. ADVERTISEMENT Avendus has also retained a 'Buy' rating but revised its target price to Rs 3,650 from Rs 3, firm is optimistic about M&M's EV plans via Born EV platforms BE 6 and XEV 9e. The core ICE business is expected to remain resilient, backed by capacity expansion and a strong order book. Automotive volume CAGR is projected at 19% for FY25–27E, while tractor volume is expected to grow at a mid-single-digit rate. However, rising EV contribution may pressure margins. The target price is based on a 27x FY27E EPS under the SOTP valuation model. ADVERTISEMENT (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
