ResultsBusiness Standard
M&M shares jump 5% on 25% profit rise
Positive+20Company event
GreyOak summary
Mahindra & Mahindra shares rose 5% after reporting a 25% year-on-year increase in net profit for the September quarter. Revenue grew to ₹57,514.98 crore, driven by a 55% surge in the auto segment. However, the company cut its tractor industry growth forecast to flat due to drought conditions in Maharashtra and Karnataka.
What it affects
- Mahindra & MahindraM&MPositive +20
Shares rose 5% on strong Q2 profit.Rolling sentiment Positive +47
Source
Read the original at Business StandardMore Mahindra & Mahindra news
- Tractor sales rise 3.1% in October; Mahindra leads with 23% market shareBusinessLine · Other ·
- Broker’s Call: Mahindra & Mahindra (Buy)BusinessLine · Company update ·
- M&M Oct production jumps 30% to 1.24 lakh unitsCNBC-TV18 · Company update ·
- Market wrap: M&M, InterGlobe, Adani Ports SEZ, ICICI Bank top gainers and losers on Nifty and Sensex on WednesdayEconomic Times · Market wrap ·
- Who is Shuchi Suri? Mahindra & Mahindra appoints Executive VP as Chief Sales and Marketing officer - AutomotiveMint · Company update ·