M&M share price up 2% after June quarter performance; topline jumps 11%

Quick Summary:

The company's standalone revenue rose 11.2 per cent year-on-year (Y-o-Y) to Rs 27,132.8 crore in Q1FY25, as opposed to Rs 24,402.9 crore in Q1FY24.

Club Mahindra reported total income of Rs 384 crore, an 8 per cent increase, and surpassed a cumulative membership base of 300,000.

Standalone PBIT reached Rs 1,798 crore, marking a 39 per cent increase and a PBIT margin of 9.5 per cent, up 180 bps.

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Category: BusinessFinance

Markets: India

Topics: Buzzing Stock BSE NSE

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-31 @ 14:27:43 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 712 words

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Sentences: 28 lines

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Copyright Owner: © Business Standard

News ID: 21870115

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