The company said during the period under review, it had earned an operational revenue of Rs 20,839.27 crore (PY Q2 Rs 13,314.38 crore) and a net profit of Rs 2,089.92 crore (Rs 1,433.45 crore).
According to Dr. Anish Shah, Managing Director iamp; CEO, the financial results reflect the progress the company has made on the strategic imperatives.
While the auto segment has led growth, we have seen steady performance across our group companies, he said.
According to Mitul Shah, Head Of Research at Reliance Securities, while Miamp;M is expected to face some volume pressure owing to semiconductor issue over near term, its new products and stronger order book with record high bookings for new XUV700 and new Scorpio would drive its overall volume and profitability.
Chennai, Nov 11
Automobile major Mahindra and Mahindra Ltd on Friday said it had closed Q2FY23 with a net profit of Rs 2,089.92 crore.
Disclaimer: This story was supplied by an external content provider; we do not endorse or accept responsibility for its accuracy, completeness, or any outcomes from relying on it. It is for informational purposes only and does not constitute legal, financial, medical, or other professional advice. Laws and regulations vary and may change; readers should verify accuracy and compliance with local requirements and consult a qualified professional for tailored guidance.
