Mahindra & Mahindra Registers A Strong Growth In Net Profit In Q4 FY2021 - SARKARI JOB INDIAN

Mahindra & Mahindra Registers A Strong Growth In Net Profit In Q4 FY2021

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The growth in the auto business is primarily attributed to a strong quarterly performance where the sales of SUVs went up by 18 per cent at 1,06,333 units as compared to 90,481 units sold in the same quarter last year.


Mahindra has recorded a net profit of Rs. 163 crores in Q4 FY2021.

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Mahindra has recorded a net profit of Rs. 163 crores in Q4 FY2021.
Mahindra & Mahindra Limited has today announced its financial earnings for Q4 FY2021 and it has been a strong quarter for the homegrown automaker. The auto major (M&M + MVML) has recorded a net profit of ₹ 163 crore recovering from a loss of ₹ 3,255 crore recorded in the same quarter a year ago. The company has reported a revenue growth of 48 per cent at ₹ 13,338 crore as compared to ₹ 9,005 crore in the same period a year ago. Mahindra’s EBIDTA too went up by 60 per cent at ₹ 1,960 crore the last quarter of FY2021 as compared to ₹ 1,227 crore recorded in the corresponding quarter last year. Mahindra’s operating margin too improved by 14.7 per cent compared to 13.6 per cent in the corresponding quarter previous year.

Also Read: Mahindra Creates Task Force For States That Will Be Hit By Cyclone Yaas

The growth in the auto business is primarily attributed to a strong quarterly performance where the sales of SUVs went up by 18 per cent at 1,06,333 units as compared to 90,481 units sold in the same quarter last year. High-realisation models like the Mahindra Thar and XUV300 has added strong volumes where the company has received over 55,000 bookings for the Thar while the Mahindra XUV300 has witnessed a 90 per cent growth in bookings. Even the Bolero and Scorpio had strong sales of over 10,000 sales per month during Q4 FY2021. As far as the tractor business is concerned, sales went up by a good 58 per cent at 93,044 units as compared to 58,817 units sold in Q4 last year. Rajesh Jejurikar, Executive Director, M&M said, “Our approach of Walk-Run-Fly has delivered strong financial returns in FY21 .The strong margins and turnaround of global subsidiaries in FES along with a robust automotive demand momentum through the focused SUV strategy has set the ground for us to now accelerate to fly . New products and technologies , farm machinery opportunity , Krishe and cost management sets us up for a bold , aggressive growth trajectory .”

Also Read: Next-Gen Mahindra Scorpio Interior Revealed In New Spy Photos

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On a similar note, Dr. Anish Shah, Managing Director & CEO – M&M said, “Our associates deserve all the credit for an outstanding performance in a tough year. Our primary focus has been “people first”, keeping our associates and our communities safe. We have delivered our promise on capital allocation actions and have seen very positive results. We are now focused on growth … across our core businesses, growth gems and digital platforms”.

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