Mahindra & Mahindra (M&M) has announced its financial results for the first quarter of FY25, reporting a net profit of Rs 2,612 crore. This marks a slight decrease from the Rs 2,774 crore profit recorded in the same quarter last year. The Pune-based automaker’s revenue from operations increased to Rs 27,038.79 crore, up from Rs 24,368 crore in the corresponding quarter a year ago.
The company’s profit margins improved at 14.9 percent for the June quarter, compared to 13.6 percent in the previous year.
Anish Shah, Managing Director & CEO of M&M, commented on the results, stating, “We have started FY25 with strong operating performance across all our businesses. Capitalizing on our leadership positions, both the Auto and Farm sectors have continued to expand market share and profit margins. The transformation at MMFSL is showing positive results with improved asset quality, and changes at TechM are beginning with a focus on margins. With this momentum and relentless execution, we aim to continue delivering scale in FY25.”
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Source: Moneycontrol
News Desk
