M&M Q1 results: PAT rises 20%, revenues up 10% at Rs 37,218 crore

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M&M Q1 results: PAT rises 20%, revenues up 10% at Rs 37,218 crore - Business Standard

Quick Summary:

M&M said that the reported PAT drop is on account of two one-off gains last year amounting to Rs 763 crore – Rs 405 crore gain from its KG Mobility investment at the time of listing of the stock, and a Rs 358 crore gain on sale of its stake in MCIE.

However, PAT after exceptional items, including previous year gains on KG Mobility and stake sale in Mahindra CIE (MCIE), grew by 20 per cent.

Anish Shah, managing director and chief executive officer, M&M, said, “We have started the FY25 financial year with strong operating performance across all our businesses.