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Mahindra & Mahindra trades in green on reporting 15% rise in Q4 consolidated net profit
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Mahindra & Mahindra is currently trading at Rs. 1280.45, up by 2.90 points or 0.23% from its previous closing of Rs. 1277.55 on the BSE.
The scrip opened at Rs. 1284.00 and has touched a high and low of Rs. 1293.15 and Rs. 1267.20 respectively. So far 267746 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1396.00 on 16-Feb-2023 and a 52 week low of Rs. 914.85 on 26-May-2022.
Last one week high and low of the scrip stood at Rs. 1293.15 and Rs. 1251.75 respectively. The current market cap of the company is Rs. 159401.74 crore.
The promoters holding in the company stood at 19.37%, while Institutions and Non-Institutions held 66.96% and 13.66% respectively.
Mahindra & Mahindra has reported 22.11% rise in its net profit at Rs 1548.97 crore for fourth quarter (Q4) ended March 31, 2023 as compared to Rs 1268.55 crore for the same quarter in the previous year. Total income of the company increased by 31.13% at Rs 22905.23 crore for Q4FY23 as compared to Rs 17467.52 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 14.96% rise in its net profit at Rs 2998.37 crore for fourth quarter ended March 31, 2023 as compared to Rs 2608.13 crore for the same quarter in the previous year. Total income of the company increased by 25.31% at Rs 32849.56 crore for Q4FY23 as compared to Rs 26215.47 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the company has reported 34.47% rise in its net profit at Rs 6548.64 crore as compared to Rs 4869.88 crore for the previous year. Total income of the company increased by 46.23% at Rs 87505.43 crore for year under review as compared to Rs 59840.69 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the company has reported 56.82% rise in its net profit at Rs 11374.48 crore as compared to Rs 7253.01 crore for the previous year. Total income of the company increased by 34.43% at Rs 122475.04 crore for year under review as compared to Rs 91105.08 crore for year ended March 31, 2022.
