M&M Q3 results: PAT rises 14% to Rs 1,528 crore; revenue jumps 41%

M&M will now focus on growing farm machinery revenues by 10-fold in next 5 years

Auto major Mahindra and Mahindra (M&M) posted strong revenue growth for the third quarter of the financial year. This buoyant growth was owing to robust sales for the farm vertical as well as SUVs and three wheelers. Revenues for the quarter under review grew by 41 per cent year-on-year (YoY) while earnings before interest, taxes, depreciation and amortisation (EBITDA) jumped 56 per cent.

However, profit after tax (PAT) after exceptional items came in at Rs 1,528 crore, up 14 per cent. PAT before exceptional items (net of tax) was up 52 per cent to Rs 2,029 crore.

Manoj Bhat, group