Mahindra and Mahindra Ltd Q1FY22 consolidated PAT slips QoQ to Rs. 423.88 crores

Mahindra & Mahindra Ltd. has reported financial results for the period ended June 30, 2021.

Financial Results (Q1 FY 2021-22) - QoQ Comparison

The company has reported total income of Rs.19368.16 crores during the period ended June 30, 2021 as compared to Rs.21770.81 crores during the period ended March 31, 2021.

The company has posted net profit / (loss) of Rs.423.88 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.1070.16 crores for the period ended March 31, 2021.

The company has reported EPS of Rs.3.78 for the period ended June 30, 2021 as compared to Rs.9.55 for the period ended March 31, 2021.

Financials	Q1 FY2021-22	Q4 FY20-21	% Change
Total Income	₹ 19368.16 crs	₹ 21770.81 crs	-11.04%
Net Profit	₹ 423.88 crs	₹ 1070.16 crs	-60.39%
EPS	₹ 3.78	₹ 9.55	-60.42%

Financial Results (Q1 FY 2021-22) - YoY Comparison

The company has reported total income of Rs.19368.16 crores during the period ended June 30, 2021 as compared to Rs.12163.16 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.423.88 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.(97.62) crores for the period ended June 30, 2020.

The company has reported EPS of Rs.3.78 for the period ended June 30, 2021 as compared to Rs.(0.90) for the period ended June 30, 2020.

Financials	Q1 FY2021-22	Q1 FY2020-21	% Change
Total Income	₹ 19368.16 crs	₹ 12163.16 crs	59.24%
Net Profit	₹ 423.88 crs	₹ (97.62) crs	534.21%
EPS	₹ 3.78	₹ (0.90)	520%

Commenting on Q1 FY22 performance: Dr. Anish Shah, Managing Director & CEO, M&M Ltd,said, "Our focus on operational efficiency and financial discipline gives us the confidence that our core performance will continue. Our Farm business delivered yet another exemplary quarter result, while our auto business showed demand recovery. Our growth gems are seeing good momentum and we will continue our stringent focus on fiscal discipline."

Mr. Rajesh Jejurikar, Executive Director, M&M Ltd, said, "We have embarked on the journey of bold, aggressive growth with a good start in Q1 FY2022. FES continued to deliver robust performance both in terms of market share and financial metrics. The demand for our key automotive products also remains strong. With upcoming launch of our most anticipated product XUV700, we plan to ride on the festive season with strong volume growth aided by rebound in Indian economy. However, commodity inflation and semiconductor supply issues continue to be of concern."

Mr. Manoj Bhat, Group Chief Financial Officer, M&M Ltd, said, "Our capital allocation actions delivered resilient financial results, despite significant headwinds of the pandemic and high commodity price inflation."

Shares of Mahindra & Mahindra Ltd. was last trading in BSE at Rs. 759.15 as compared to the previous close of Rs. 765.95. The total number of shares traded during the day was 37885 in over 1743 trades.

The stock hit an intraday high of Rs. 766.8 and intraday low of 757. The net turnover during the day was Rs. 28856114.

Source : Equity Bulls

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