Mahindra & Mahindra Q4 Results: Profit Rise by 4.45% YOY

Mahindra & Mahindra Q4 Results: Mahindra & Mahindra has released its fourth quarter results on May 16, 2024, showing an impressive year-on-year growth of 9.29% for topline revenue and a 4.45% increase in profit over the previous year. On a quarter-over-quarter basis, revenue grew by 0.44% and profit improved by 3.6%.

Quarter-over-quarter, selling, general and administrative expenses decreased by 1.75%, while year-over-year, they increased by 2.01%.

The revenue performance of the business has grown impressively over the past year – operating income has grown by 19.84% when compared to the previous year’s numbers. More recently, this quarter’s results also looked strong.

Revenue increased by 5.15% compared to the previous quarter. Additionally, investors will be pleased to know that earnings per share increased to $24.81, a favorable percentage increase of 6.06% year over year.

In the last week, the return of Mahindra & Mahindra rose 7.2%. The last half was even more successful with returns climbing to 51.12%, while the total return so far this year stands at 37.14%.

Currently, Mahindra & Mahindra has a market cap of ₹284128.2 Cr and 52wk high/low of ₹2393.9 & ₹1237.45 respectively.

On May 17, 2024 our company was rated by 35 analysts. Here are the results of their assessment: 1 analyst went with Hold, 19 analysts suggested Buy, while 15 analysts saw Strong Buy as a wise decision.

On May 17, 2024, it was generally agreed to give a strong buy recommendation.