- Mahindra’s net income for the third quarter reached 29.6 billion rupees, a 19% increase year-over-year, surpassing the estimated 29.21 billion rupees.
- The automotive segment reported profits of 21.7 billion rupees, marking a 37% growth year-over-year, exceeding the estimated 17.04 billion rupees.
- Farm equipment segment profits came in at 14.8 billion rupees, a 42% increase year-over-year, beating the estimate of 13.43 billion rupees.
- Total revenue rose to 309.6 billion rupees, which is a 20% increase year-over-year and higher than the estimated 308.37 billion rupees.
- Automotive revenue was 224.1 billion rupees, up 20% year-over-year, surpassing the anticipated 215.79 billion rupees.
- Farm equipment revenue increased by 21% to 81.7 billion rupees.
- Other income declined by 32% year-over-year, amounting to 2.65 billion rupees.
- Overall costs climbed by 19% to 272.6 billion rupees.
- Raw material costs increased by 14%, reaching 202.8 billion rupees.
- Analysts currently have 36 buy ratings, 4 hold ratings, and 1 sell rating for Mahindra.
A look at Mahindra & Mahindra Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
According to Smartkarma Smart Scores, Mahindra & Mahindra‘s long-term outlook appears positive. The company scored high in growth and dividend factors, indicating strong potential for expansion and promising returns for shareholders. With a momentum score of 5, Mahindra & Mahindra shows significant strength in market performance, which could signal upward movement in the company’s stock price. However, its resilience score was lower, suggesting some vulnerability to market fluctuations. Nevertheless, the company’s solid value score of 3 reflects a reasonable valuation relative to its peers, presenting an attractive investment opportunity for those seeking stable returns.
Mahindra & Mahindra Ltd. is a significant player in the manufacturing of automobiles, farm equipment, and automotive components. Their diverse product range includes commercial vehicles, passenger cars, agricultural tractors, and industrial engines. The company’s high scores in growth and dividend categories suggest a focus on innovation and rewarding investors with regular payouts. Despite some resilience concerns, Mahindra & Mahindra‘s strong momentum score emphasizes its current market momentum, potentially leading to further positive performance in the future.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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