26 May 2023, 16:36
Auto major Mahindra & Mahindra on Friday reported a 22% year-on-year (YoY) increase in Q4 standalone net profit to ₹1,549 crore, falling short of analyst estimates. For FY23, net profit grew 34.5% to ₹6,549 crore from ₹4,870 crore in FY22, thanks to higher volumes and cooling inflation. M&M’s standalone revenue in Q4 grew 31% YoY to ₹22,571 crore, beating analyst estimates of ₹21,899 crore. For FY23, its revenue grew 47% to ₹84,960 crore.