Mahindra & Mahindra catches speed on reporting rise in Q4 consolidated net profit

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Mahindra & Mahindra is currently trading at Rs. 2319.00, up by 16.45 points or 0.71% from its previous closing of Rs. 2302.55 on the BSE.

The scrip opened at Rs. 2319.95 and has touched a high and low of Rs. 2338.00 and Rs. 2288.00 respectively. So far 156674 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 5 has touched a 52 week high of Rs. 2,338.00 on 16-May-2024 and a 52 week low of Rs. 1238.00 on 19-May-2023.

Mahindra & Mahindra

Last one week high and low of the scrip stood at Rs. 2,338.00 and Rs. 2159.10 respectively. The current market cap of the company is Rs. 285414.74 crore.

The promoters holding in the company stood at 18.59%, while Institutions and Non-Institutions held 67.94% and 13.46% respectively.

Mahindra & Mahindra has reported 31.58% rise in its net profit at Rs 2,038.21 crore for the fourth quarter (Q4) ended March 31, 2024 as compared to Rs 1,548.97 crore for the same quarter in the previous year. Total income of the company increased by 11.97% at Rs 25,656.38 crore for Q4FY24 as compared Rs 22,914.27 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 4.22% rise in its net profit at Rs 3,124.94 crore for fourth quarter ended March 31, 2024 as compared to Rs 2,998.37 crore for the same quarter in the previous year. Total income of the company increased by 9% at Rs 35,807.44 crore for Q4FY24 as compared Rs 32,849.56 crore for the corresponding quarter previous year.

For the year ended March 31, 2024, the company has reported 63.66% rise in its net profit at Rs 10,717.80 crore as compared to Rs 6,548.64 crore for the previous year. Total income of the company increased by 17.80% at Rs 1,03,157.85 crore for year under review as compared to Rs 87,568.34 crore for year ended March 31, 2023.

For the year ended March 31, 2024, on the consolidated basis, the company has reported 7.87% rise in its net profit at Rs 12,269.82 crore as compared to Rs 11,374.48 crore for the previous year. Total income of the company increased by 15.28% at Rs 1,41,254.69 crore for year under review as compared to Rs 1,22,528.91 crore for year ended March 31, 2023.

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