Mahindra & Mahindra’s Net Profit Grows in the Second Quarter

Mahindra & Mahindra (M&M) reported a 25% year on year increase in its consolidated net profit for the second quarter ended September, reaching Rs. 4,587.88 crore. The company had posted a net profit of Rs. 3,673 crore in the corresponding quarter of the previous year. During the quarter under review, its revenue increased to Rs. 57,514.98 crore from Rs. 45,885.40 crore in the same period last year.

The company’s total expenses also rose during the quarter, increasing from Rs. 41,192.50 crore to Rs. 51,845.48 crore. Meanwhile, Mahindra & Mahindra is planning to expand its vehicle portfolio by launching four SUVs and one light commercial vehicle by June 2027. These upcoming launches are part of the company’s plans for the coming period.=