Mahindra & Mahindra (M&M) recorded a 20 percent increase in the joint tax benefit (PAT) during the third quarter of FY 25 and increased to Rs 3,181 crore. This increase was increased due to the strong data of vehicle and agricultural category. This category sales increased by 16 percent during the quarter. The company registered a strong revenue growth of 17 percent and increased to Rs 41,470 crore.
M&M Managing Director and Chief Karya Dhikari Aneesh Shah said, “The vehicle and agriculture performed concrete in terms of market share and margin by implementing the focus. The speed of change in Tech Mahindra is gaining momentum. M&M Financial Services is constantly maintaining balance between asset quality and development preferences and GS is less than four percent than the strong AUM growth. During the quarter, the quarterly sales of the vehicle sector increased by 16 percent to 2,45,000 vehicles. Sales of utility vehicles increased to 1,42,000. The tax profit of the vehicle sector increased by 20 percent to Rs 1,438 crore while the revenue increased by 21 percent to Rs 23,391 crore.
The M&M stood first with a revenue market share of 23 percent, which is 200 basis points. SUV sales growth was 20 percent in the third quarter. Light commercial vehicles weighing less than three and a half tons topped its market share with 51.96 percent, which is 230 base points. Its stake in electrical three -wheelers was 41.8 percent. The agriculture category performed well and recorded the third quarter’s best market share with 44.2 percent and sales increased by 20 percent to 1,21,000 units. The tax profit of the agricultural sector increased by 11 percent to Rs 996 crore while the revenue increased by 11 percent to Rs 9,537 crore.
Ola electric deficit increased
The integrated net deficit of the third quarter of the current financial year ended December 31, 2024 on December 31, 2024 has increased to Rs 564 crore. The company said that due to increased competition, its loss has increased from lump sum cost to reduce revenue and solve issues related to the ‘service’ of trains. Ola electric mobility gave this information to the stock markets. In the third quarter of the last financial year, the company recorded a net loss of Rs 376 crore. The company said that operating revenue in the quarter under review was Rs 1,045 crore, compared to Rs 1,296 crore in the same period a year ago.
Balrampur sugar profits decreased
The net profit of Balrampur sugar has fallen by 22.83 percent to Rs 70.47 crore during the third quarter ended December 31, 2024. Balrampur Chinese gave this information to the stock markets. The company’s net profit was Rs 91.32 crore in the same quarter of the previous financial year. The company’s operational income declined by 3.10 percent to Rs 1,192.14 crore during the quarter under review, which was Rs 1,230.38 crore in the same period of a year ago.
Cholamandalam net profit of Rs 1,093 crore
The integrated net profit of Cholamandalam Financial Holdings Limited was Rs 1,092.90 crore in the October-December quarter of the current financial year. The company’s net profit in the same quarter of the last financial year was Rs 1,027 crore. The Murugappa group company said on Friday that its integrated profit in the April-December period of the current financial year was Rs 3,377.70 crore as against Rs 2,706.81 crore in the same period of the previous financial year.