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

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