HomeBusinessM&M's revenue of over Rs 1400 crore, highest ever income from farm...

M&M’s revenue of over Rs 1400 crore, highest ever income from farm and auto section

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Mahindra & Mahindra has made great revenue within the June 2022 quarter. Mahindra & Mahindra’s revenue within the first quarter of the present monetary yr has elevated by greater than 67% to Rs 1,430 crore. Mahindra & Mahindra had made a revenue of Rs 855 crore in the identical interval a yr in the past. The corporate’s income additionally grew 67% to Rs 19,613 crore within the April-June 2022 quarter, as in opposition to Rs 11,765 crore within the year-ago interval. Auto and Farm section income at Rs 18,995 crore Mahindra & Mahindra has reported that the Auto and Farm section has achieved the best ever quarterly standalone income within the June 2022 quarter. The income of those segments has been Rs 18,995 crore. The corporate’s Farm Gear Sector (FES) tractor market share stood at 42.7% within the first quarter of FY2023. It has registered a leap of 0.9% on a yearly foundation. Mahindra has stated that the corporate was #1 in SUV income market share. Its market share stood at 17.1%. Additionally read- Millionaires who invested cash within the shares of those 3 corporations, turned an funding of Rs 1 lakh. Highest quarterly quantity. The amount of the SUV stood at 75.4K and the amount of the pick-up was 46K. Mahindra & Mahindra’s working margin stood at 11.9% through the quarter. Farm gear income grew almost 26% to Rs 6,689 crore as in opposition to Rs 5,319 crore in the identical interval final yr. Shares of Mahindra & Mahindra closed down at Rs 1236.20 crore on Friday. Additionally read- Revenue of Tata group firm Titan elevated 13 occasions, revenue crossed ₹793 crore, income ₹8,961 crore

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