• Source:PTI
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Mahindra and Mahindra Q4 Result:  Mahindra & Mahindra reported a 4% rise in consolidated profit after tax (PAT) to Rs 2,754 crore for the March quarter, due to strong performance of its automotive and farm sector segments, the company said on Thursday. In a regulatory filing, M&M said the company had posted a consolidated PAT of Rs 2,637 crore in the January-March quarter of the 2022-23 financial year.

Revenue grew 9% to Rs 35,452 crore in the fourth quarter, compared to Rs 32,456 crore in the same period a year ago, it said.
For the full year ended March 31, the company posted a consolidated net profit of Rs 11,269 crore, up 25% from Rs 9,025 crore in FY23.

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Revenue grew 15% to Rs 1,39,078 crore last fiscal, compared to Rs 1,21,362 crore in FY2013.

"It has been an excellent year with most of our businesses delivering a high level of performance. Auto continued its high growth trajectory, Farm gained share in a tough market and Mahindra Finance delivered on asset quality," M&M Managing Director & CEO Anish Shah said.

He said TechM was a weak spot, which has started changing with the new organisation. The company said its board has approved a dividend of Rs 21.10 per share of face value Rs 5. The company's shares were trading flat at Rs 2,302.80 on BSE.

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(With PTI's Input)