Mahindra Half-Year Report 2022
M&M Q2 PAT after EI at Rs.1,432 crores up 8x
Consolidated PAT after EI at Rs.1,929 crores up 214%
- M&M Q2 Revenue Rs.13,305 crores up 15%; Consolidated Revenues at Rs. 21,470 crores up 12%
- XUV 7OO launch – an overwhelming response: 50,000 bookings in 3 hours, 70,000 plus to date
- Farm Equipment Sector (FES) Tractors Market Share at 40.1% up 1.9 % compared to Q2 FY2021
- Farm Subsidiaries recorded 5th consecutive quarter of Positive PBIT; 2nd quarter over Rs.100 crores
- EV 3 wheelers volume with 68% market share up by 318% compared to Q2 FY2021
- Strong exports volumes: Farm up 105% (highest ever in H1); Auto up 86% compared to Q2 FY2021
Mumbai, November 9, 2021: The Board of Directors of Mahindra & Mahindra Limited today approved the financial results for the quarter and half year ended 30th September 2021 of the Company and the consolidated Mahindra Group.
Highlights of the financial results are:
- M&M operating margin 12.5% despite rising commodity prices and shortage of semi-conductors
- Strong growth in exports both in Auto and Farm businesses
- Strong recovery across group companies … Mahindra Finance NPA recovery on track
- Porter, one of our new age digital platforms, valued at Rs.3,750 crores with external funding round of Rs.750 crores
Automotive
- Very healthy booking pipeline and buoyant demand for the Company’s products
- Global shortage of semi-conductors has impacted the production and sales for another quarter
- Overall 160k plus bookings with XUV7OO leading the way with 70k plus bookings
- Stringent cost control measures have helped partially mitigate margin impact of commodity price increase
