Mahindra & Mahindra Q3 FY24 Results Live : profit falls by 0.68% YOY
Mahindra & Mahindra declared their Q3 FY24 results on 14 Feb, 2024. The topline increased by 15.02% & the profit decreased by 0.68% YoY.
As compared to the previous quarter the revenue grew by 2.73% and the profit increased by 13.23%.
The Selling, general & administrative expenses declined by 1.09% q-o-q & increased by 9.15% Y-o-Y.
The operating income was up by 13.16% q-o-q & increased by 8.28% Y-o-Y.
The EPS is ₹23.76 for Q3 FY24 which increased by 16.49% Y-o-Y.
Mahindra & Mahindra has delivered -3.72% return in the last 1 week, 5.5% return in last 6 months and -4.18% YTD return.
Currently the Mahindra & Mahindra has a market cap of ₹198408.9 Cr and 52wk high/low of ₹1758 & ₹1123.4 respectively.
As of 16 Feb, 2024 out of 35 analysts covering the company, 3 analysts have given Hold rating, 16 analysts have given Buy rating &16 analysts have given Strong Buy rating.
The consensus recommendation as on 16 Feb, 2024 was to Strong Buy.
| Period | Q3 FY24 | Q2 FY24 | Q-o-Q Growth | Q3 FY23 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 35218.32 | 34281.2 | +2.73% | 30620.19 | +15.02% |
| Selling/ General/ Admin Expenses Total | 2686.28 | 2715.83 | -1.09% | 2461.13 | +9.15% |
| Depreciation/ Amortization | 1122.59 | 1138.64 | -1.41% | 1110.16 | +1.12% |
| Total Operating Expense | 30198 | 29844.58 | +1.18% | 25983.91 | +16.22% |
| Operating Income | 5020.32 | 4436.62 | +13.16% | 4636.28 | +8.28% |
| Net Income Before Taxes | 3912.2 | 3567.7 | +9.66% | 3731.71 | +4.84% |
| Net Income | 2658.4 | 2347.75 | +13.23% | 2676.56 | -0.68% |
| Diluted Normalized EPS | 23.76 | 20.99 | +13.2% | 20.4 | +16.49% |
FAQs
Question : What is the Q3 FY24 profit/Loss as per company?
Ans : ₹2658.4Cr
Question : What is Q3 FY24 revenue?
Ans : ₹35218.32Cr
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Published: 16 Feb 2024, 03:07 AM IST
Ganesh
http://ganesh@finplay.inFinance enthusiast, Mutual fund expert.