Mahindra Q1 Report 2023

Q1 FY23 Standalone PAT after EI at Rs 1,430 crores up 67%
Q1 FY23 Consolidated PAT after EI at Rs 2,196 crores up 418%

• Highest ever quarterly standalone revenue for Auto and Farm Segments at Rs. 18,995 crores
• Farm Equipment Sector (FES) Tractors Market Share for Q1 FY23 at 42.7%, uptick of 0.9% YoY
• M&M continues to be No.1 in SUV Revenue Market Share (17.1%)
• FES achieved highest ever domestic quarterly volumes (112.3k tractors) and exports (5.1k tractors)
• Auto delivered highest ever quarterly SUV (75.4k) and Pik-up (46k) volumes
• M&M Operating Margin at 11.9%
• Successful launch of All new Scorpio-N – 25k bookings within 1 minute; 100k bookings within 30 minutes
• Last Mile Mobility: No 1 electric 3W company with market share of 75.4% in Q1 FY23