Mahindra & Mahindra is all set to report its third quarter’s earnings on February 07. The company’s shares will remain in focus ahead of quarterly earnings. Here are a few things to know about M&M stock before it reports results for the third quarter
M&M stock performance
The stock has risen 5.3% in the past five trading sessions. The share price of M&M has given a return of 1.4% in the last one month and 17.57% in the previous six months. The stock has risen over 83% in the last one year. It is one of the best-performing auto counters over the long term.
M&M December sales
M&M reported a 16% year-on-year rise in overall auto sales at 69,768 units in December 2024. On a month-on-month basis, the company’s total auto sales declined 11.77% in December 2024 compared to 79,083 units sold in November 2024. In the utility vehicles segment, the company sold 41,424 vehicles in the domestic market, registering a growth of 18% YoY and overall, 42,958 vehicles, including exports.
Recent EV launches
M&M is on a launch offensive. The company recently launched two new EV offerings, electric Sports Utility Vehicles (SUVs)- XEV 9e and BE 6e. The ex-showroom price of BE 6 Pack One is Rs 18.90 Lakh for the base model, while the higher end named BE 6 Pack Three Select has an ex-showroom price of Rs 24.50 Lakh.
M&M in Q2
The automobile major reported a 13% YoY growth in its standalone net profit for Q2 FY25. the net profit for the period came to Rs 3,841 crore. Revenue from operations in the reporting period increased 12% YoY to Rs 28,919 crore. EBITDA for the Q2 FY25 period stood at Rs 5,270 crore, while margins came in at 18.2% in the same period.
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