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Mahindra & Mahindra gains despite reporting fall in Q1 consolidated net profit
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Mahindra & Mahindra is currently trading at Rs. 2926.00, up by 4.60 points or 0.16% from its previous closing of Rs. 2921.40 on the BSE.
The scrip opened at Rs. 2943.75 and has touched a high and low of Rs. 2979.90 and Rs. 2873.90 respectively. So far 102165 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 3013.95 on 18-Jun-2024 and a 52 week low of Rs. 1418.55 on 04-Aug-2023.
Last one week high and low of the scrip stood at Rs. 2979.90 and Rs. 2780.45 respectively. The current market cap of the company is Rs. 367450.33 crore.
The promoters holding in the company stood at 18.56%, while Institutions and Non-Institutions held 68.14% and 13.30% respectively.
Mahindra & Mahindra has reported 5.32% fall in net profit at Rs 2,612.63 crore for the first quarter ended June 30, 2024 (Q1FY25) as compared to Rs 2,759.43 crore for the same quarter in the previous year. However, total income of the company increased by 9.27% at Rs 27,390.31 crore for Q1FY25 as compared to Rs 25,066.16 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 3.75% fall in its net profit at Rs 3,545.78 crore for the quarter ended June 30, 2024 as compared to Rs 3,683.87 crore for the same quarter in the previous year. However, total income of the company increased by 8.44% at Rs 37,626.49 crore for Q1FY25 as compared to Rs 34,698.68 crore for the corresponding quarter previous year.
