Mahindra & Mahindra (M&M), one of the largest vehicle manufacturers in the country, announced the results for the last quarter of the Fiscal Year (FY) 2018. In what looked like a successful quarter for the company, a profit of Rs.1,155 crore was recorded.
In the press release made available to all stakeholders and the media, the company stated that it saw a 64% year-on-year (YOY) growth in profit (calculated after taxes). This figure stood at Rs.770 crore for Q4 FY 2017. Revenues rose by 24%, to Rs.13,355 crore for Q4 FY 2018 as opposed to Rs.10,795 crores in FY 2017. The figures include the performance of both Mahindra & Mahindra (M&M) and Mahindra Vehicle Manufacturers Limited (MVML).
Further, the number of vehicles sales over this period increased by 20% to 1,56,453 as compared to 1,30,778 sales over the same quarter of the previous year. The group, known for being the largest tractor manufacturers in the world, also registered an increase in the sale of the said vehicle. The tractor sales figures rose by 44% to 66,885, compared to 46,583 sales during the same quarter of the preceding year.
Q4 FY 2018 Results – M&M and MVML
|Particulars||Q4 FY 2018||Q4 FY 2017||YOY Growth|
|Revenues (In Crores)||Rs.13,355||Rs.10,795||24%|
|Profits before Tax (In Crores)||Rs.1672||Rs.931||80%|
|Profits after Tax (In Crores)||Rs.1155||Rs.770||50%|
Mahindra and Mahindra (M&M) and Mahindra Vehicle Manufacturers Limited (MVML) are both parts of the Mahindra Group, an Indian conglomerate which has its presence in various fields like farming equipment, defense, aerospace, automobiles, IT, real state, etc.