Cars & Utility Vehicles company Mahindra & Mahindra announced Q4FY24 & FY24 results:
Q4FY24 Financial Highlights:
- Auto consolidated revenue at Rs 20,908 crore up by 22% YoY
- Auto consolidated PBIT at Rs 1,862 crore up by 238% YoY
- Farm Equipment Revenue: Q4F24 Rs 225 crore (44% YoY Growth)
- Volumes: 215k up by 14% YoY
- SUV Revenue MS 20.4% up by 80bps YoY
FY24 Financial Highlights:
- Auto consolidated revenue at Rs 76,156 crore up by 24% YoY
- Auto consolidated PBIT at Rs 6,057 crore up by 108% YoY
- Farm Equipment Revenue: FY24 Rs 866 crore (32% YoY Growth)
- Volumes : 825k up by 18% YoY
- SUV Revenue MS 20.4% up by 130bps YoY
- LCV <3.5T: F24 MS 49.0%, gain of 3.5% YoY
- In F24 , our EV 3W portfolio grew by 51% over F23
- L5 electrification is at 11.3% in F24