Mahindra & Mahindra Limited declared its Q1 FY19 results on 7th August 2018. The results indicated that the economy is reviving and the rural household income and expense are also increasing. The revenue increased by about 10% to Rs 13,784 crore compared to the revenue reported for the first quarter of FY18.
The company reported a 70% jump in profit (Rs 1,220 crore) compared to Rs 749 crore which was reported for the corresponding quarter of the last financial year.
Though the revenue was slightly higher for the quarter than that reported for the first quarter of FY18 and the fourth quarter of FY18, the PBT and PAT numbers were quite impressive. This was due to non existence of excise duty which lead to a lower tax outgo.
The basic EPS for the quarter stood at Rs 10.26 which was 62% higher that the EPS for the quarter of April-June 2017.
Standalone results for the quarter April-June 2018 (except for EPS, all the othet numbers are in Rs crores)
The company is a major player in two segments: Automotive and Farm Equipment. The Automotive segment showed slight drop in revenue and PBT compared to the correponding numbers reported for the last quarter of FY18.
The company sold 1,30,484 vehicles and 96,527 tractors in the April-June quarter of FY18-19.
Snippet of Mahindra & Mahindra Limited's press release
The Company's financial numbers were reviewed by B S R & Associates LLP (Cartered Accountants).
The result can be accessed from BSE's