Mahindra & Mahindra: Q3 Results on the Horizon
Mahindra & Mahindra Ltd, one of [[India]]’s oldest and largest automakers, is all set to reveal its financial performance for the third quarter (Q3) of 2024-25. The
latest
business news is creating a buzz in the Indian market. The company’s board will meet on February 7, 2025, to approve the unaudited financial results for the quarter ending December 31, 2024. This follows strong sales figures for December 2024, showing a 16% year-on-year increase, reaching a total of 69,768 units.Impressive Sales Growth
Domestic sales were particularly strong, with utility vehicle sales jumping 18% year-on-year to 41,424 units. Exports also saw a significant boost, rising 70% year-on-year to 3,092 units. These positive sales numbers have investors eager to see the full Q3 report. The company’s market capitalization is a significant Rs 4 lakh crore, showing its important position in the Indian economy.
Market Reaction and Share Price
Mahindra & Mahindra shares have performed exceptionally well in the past year, rising over 87% on the NSE. In the last six months alone, the stock price has increased by over 18%, and recent trading sessions show continued growth. This positive momentum suggests investor confidence in the company’s future performance. The [[Q3 results]] are expected to give further clarity on the company’s current financial health.
Q2 Performance as a Preview
Mahindra & Mahindra’s second-quarter (Q2) results offer a glimpse into the company’s recent success. The company reported a 13% increase in standalone net profit, reaching Rs 3,841 crore, while revenue grew by 12% to Rs 28,919 crore. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) also showed strong growth, rising 21% year-on-year to Rs 5,270 crore. These figures suggest strong financial performance, setting a positive outlook for the upcoming Q3 results.
What to Expect in Q3
The upcoming Q3 results are highly anticipated. The company is holding investor and analyst calls on February 10, 12, 13 and 18 to discuss the report in detail. The
