Mahindra & Mahindra Ltd: Q1FY18 Results
DSIJ Intelligence / 04 Aug 2017
Mahindra & Mahindra Ltd reported its standalone financial results for the quarter ended June 30, 2017.
Mahindra & Mahindra Ltd reported its standalone financial results for the quarter ended June 30, 2017.
The company’s standalone revenue rose by 2.7% QoQ to Rs. 12,335.5 crore for the first quarter of FY2017-18. Its revenue for previous quarter was Rs. 12,012 crore. This was primarily driven by a 55% increase in revenue from its farm equipment segment from Rs. 2793.8 crore to Rs. 4321.08 crore.
For the quarter ended 30th June 2017, EBITDA jumped by 26% to Rs. 1611.1 QoQ from Rs. 1281 crore as on 31st March 2017. There was an expansion in EBITDA margin of 236 bps from 10.7% to 13.06%.
The company's net profit for the quarter increased by 5.63% QoQ to Rs. 765.9 crore.
Mahindra & Mahindra Ltd is engaged in the manufacture of passenger cars, commercial vehicles and tractors. The company’s segments include automotive and farm equipment.
The company's stock which opened for trading at Rs. 1419.95 on the BSE, has risen by 0.97 per cent after the results were declared and is currently trading around the Rs. 1418.3 mark.
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