Mahindra Half-Year Report 2023

M&M Q2 PAT at Rs 2,090 crores up 46%
Q2 Consolidated PAT at Rs 2,773 crores up 44%

• M&M Q2 Revenue Rs 20,839 crores up 57%; Consolidated Revenues at Rs 29,870 crores up 39%
  Highest ever quarterly standalone and consolidated revenue
• FES achieved highest Q2 volume and auto achieved highest ever quarterly volume
• No.1 in SUV Revenue Market Share in Q2 F23, Open bookings at 260k+ in SUVs, reflecting strong automotive demand.

Highlights of the financial results are:

• Highest ever quarterly revenue and PAT for M&M standalone M&M operating margin at 12.0%
• Exports for both vehicles and tractors remains strong