M&M Q3 profit rises 14% to ₹1,528 cr; revenue jumps 41%
On the consolidated basis, profit climbed 35% YoY to ₹2,677 crore, while revenue grew 30% YoY to ₹30,620 crore in Q3 FY23.
On the consolidated basis, profit climbed 35% YoY to ₹2,677 crore, while revenue grew 30% YoY to ₹30,620 crore in Q3 FY23.
Shares of Mahindra & Mahindra (M&M) rose after the company acquired a 100% stake in Finland-based combine harvester firm Sampo Rosenlew Oy
UK-based British International Investment (BII) will invest up to ₹1,925 crore into a new subsidiary of M&M which will focus on four-wheel passenger electric vehicles.
Mahindra & Mahindra shares rallied 5.6% to hit a fresh life-time high of ₹1,006.70 on the BSE as investors cheered its Q4 results.