Strong Consolidated Profit Growth
Consolidated profit after tax is up 24%, indicating a strong financial performance across the group.
Record Market Share in Farm Equipment
Tractor volumes increased by 10%, achieving the highest-ever market share at 45.2%, a gain of 50 basis points.
Significant Growth in Auto Sector
Auto sector profit after tax increased by 32%, with SUV volumes up 22% and revenue market share at 27.3%, up 570 basis points.
Tech Mahindra's EBIT Margin Recovery
Tech Mahindra's EBIT margin recovery is on track, reaching 11.1% this quarter with a target of 15% for F'27.
Mahindra Finance's Asset Quality Focus
Mahindra Finance's assets under management grew by 15%, with asset quality well within thresholds at 3.8%.
Growth in Mahindra Logistics
Mahindra Logistics saw 14% growth, with multiple deal closures and a stronger momentum for the business.
Strong Cash Generation
Despite two rights issues and close to INR 2,500 crores infused into subsidiaries, cash balance grew quarter-over-quarter.