M&M gains on reporting 35% rise in consolidated net profit for Q2FY25
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Mahindra & Mahindra is currently trading at Rs. 2903.70, up by 13.65 points or 0.47% from its previous closing of Rs. 2890.05 on the BSE.
The scrip opened at Rs. 2923.95 and has touched a high and low of Rs. 2941.00 and Rs. 2850.70 respectively. So far 47059 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 3221.10 on 27-Sep-2024 and a 52 week low of Rs. 1,490.10 on 09-Nov-2023.
Last one week high and low of the scrip stood at Rs. 2970.00 and Rs. 2813.60 respectively. The current market cap of the company is Rs. 359386.05 crore.
The promoters holding in the company stood at 18.54%, while Institutions and Non-Institutions held 68.30% and 13.15% respectively.
Mahindra & Mahindra (M&M) has reported 13.20% rise in its net profit at Rs 3,840.88 crore for the quarter ended September 30, 2024 as compared to Rs 3,393.06 crore for the same quarter in the previous year. Total income of the company increased by 11.33% at Rs 29,596.56 crore for Q2FY25 as compared to Rs 26,585.33 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 35.31% rise in net profit at Rs 3,361.06 crore for Q2FY25 as compared to Rs 2,483.97 crore for the same quarter in the previous year. Total income of the company increased by 10.15% at Rs 38,582.96 crore for Q2FY25 as compared to Rs 35,027.23 crore for the corresponding quarter previous year.
