Mahindra Q3 Report 2023

Q3 Consolidated PAT at Rs 2,677 crores up 35%

• Consolidated Revenues at Rs 30,620 crores up 30%
• Standalone Revenue at Rs 21,654 crores up 41%
• Auto and Farm achieve highest ever Q3 volumes
• M&M continues to remain No.1 in SUV Revenue Market Share (20.6%) in Q3 F23. Open bookings of
  SUV at 266k+ (as on 1st Feb’23), reflecting continued strong automotive demand
• Farm: Q3 F23 Market share at 41.0% (gain of 160 bps vs PY)
• Successful launch of XUV 400 on 26th Jan: Becomes the fastest booked Electric SUV in India with 15k+
  booking within 13 days

Highlights of the financial results are:

• M&M operating margin at 13.0% up 130 bps YoY
• Vehicle sales up 45% YoY