Mahindra & Mahindra Q3 Results 2024

Mahindra & Mahindra Quarterly result 2023-24

Result snapshot (Rs. mn.)	Q3FY24	Q3FY23	YoY (%)	Q2FY24	QoQ (%)	CEBPL EST.	Dev.(%)
Net sales (incl 001)	252,885	216,537	16.8	243,099	4.0	2,54,468	-0.6
Material Exp.	190,660	164,471	15.9	183,793	3.7	192,378
Employee Exp.	11,343	9,342	21.4	11,262	0.7	11,451
Other Operating Exp.	18,518	14,583	27.0	18,703	(1.0)	20,103
EBITDA	32,364	28,142	15.0	29,341	10.3	30,536	6.0
Depreciation	8,179	8,292	-1.4	8,158	0.3	8,400
Other Income	7,370	6,700	10.0	22,819	(67.7)	6,999
EBIT	24,186	19,851	21.8	21,182	14.2	22,136
Interest Cost	348	686	-49.2	329	5.7	600
Exceptional Item	-	(6,289)	NA	-	NA	-
PBT	31,207	19,576	59.4	43,672	(28.5)	28,535
RPAT	22,054	13,182	67.3	37,964	(41.9)	19,382	13.8
APAT	22,054	17,899	23.2	37,964	(41.9)	19,382
Adj. EPS	18	14	23.2	31	(41.9)	16	13.8

Operational Performance	Q3FY24	Q3FY23	YoY (bps)	Q2FY24	QoQ (bps)	CEBPL EST. Dev. (bps)	Dev.(%)
Gross margin (%)	24.6	24.0	56	24.4	21	24.4
EBITDA margin (%)	12.8	13.0	(20)	12.1	73	12.0	79.8
Employee Exp. (% of Sales)	4.5	4.3	17	4.6	(15)	4.5
Other Operating Exp. (% of Sales)	7.3	6.7	59	7.7	(37)	7.9
RPAT margin (%)	8.7	6.1	263	15.6	(690)	7.6	110.4

Source: Company, CEBPL