Mahindra clocks Rs 1.09 lakh crore in auto sector revenues in FY24, registers 14% growth | Autocar Professional

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Homegrown automaker Mahindra & Mahindra has released its audited standalone and consolidated financial results for FY24, and Q4 FY24, with the company clocking Rs 1.09 lakh crore in revenues from its automotive and farm-equipment segments in full-year FY24, to register a 14 percent year-on-year growth (FY23: Rs 96,415.8 crore). 

The company’s total expenses stood at Rs 89,674 crore in the last fiscal, and a total income of Rs 1.03 lakh crore. While its operating margin stood at 12.9 percent compared to 12.56 percent in FY23, the net margin reduced to 8.82 percent from 9.37 percent a year ago.

Its profit before exceptional items, the share of profit or loss of associates, JVs, and tax stood at Rs 14,856.36 crore in the last financial year. The company has recommended a dividend of Rs 21.10 per share to its shareholders, and will hold its 78th AGM on July 31, 2024.

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