Mahindra Full-Year Report 2023

Record profits: FY23 Consolidated PAT crosses Rs 10,000 cr, up 56%
Dividend of Rs. 16.25 per share, up 41%

Key Highlights

• FY23 Consolidated PAT after EI at Rs 10,282 cr, up 56%
• FY23 Consolidated Revenue at Rs 1,21,269 cr, up 34%
• #1 in SUV revenue market share for 5 consecutive quarters with FY23 share at 19.1%, up 370 bps
• #1 in in LCVs: market share (<3.5T) at 45.5%, up 520 bps
• #1 in Farm Equipment: market share at 41.2%, up ~300 bps in last 2 years
• #1 in electric 3 wheelers: market share at 67.6%
• ROE for FY23 at 19.9%, higher than committed levels of 18%

Mahindra & Mahindra Limited posted an all-time high record annual Net Profit of Rs 10,282 cr, up 56%.

This was driven by successful mega launches in Automotive, steady growth at Farm Equipment, strong
operating performance at Financial Services and value unlock through monetisation/partnerships.

The key highlights are:

• Revenue growth of 34%, with strong volume momentum across all key businesses
• Automotive led the way with 62% growth, driven by strong execution of launches and an improvement
  in supply chain related issues.
• Growth Gems on path to scale up, with Mahindra Accelo, up 37%; Mahindra Logistics, up 24%; Car&bike, up 31% and Club Mahindra, up 22%
• Operational profits improved significantly, as a result of volume growth, timely pricing actions, easing commodity inflation and stringent control over fixed costs
• Focus on value creation through capital allocation, partnerships and monetization continued