Mahindra and Mahindra Q3 Review: Revenue from operations increased to ₹14056 Crores

Mahindra and Mahindra (M&M) released its Q3 report card earlier today. The PAT (before EI) has gone up to Rs 1745 cr vs Rs 981 cr, up by 78% YoY, with the PAT (after EI) up to Rs 540.9 cr vs Rs 378.2 cr, a gain of 40% YoY. The revenue from operations increased to Rs 14056 cr vs Rs 12120.1 cr, up 16% YoY with margins at 17% vs 14.8% compared to the corresponding quarter of last year. Management says capital allocation decisions resulted in improved financial performance this quarter with the domestic tractor volume being 97,420 - the highest quarterly volume ever. M&M also saw the highest ever quarterly PBT & ROCE for the Farm Equipment Sector (FES), driven by a 400 bps YoY increase in margins. Resilient margins were seen for the Auto segment, despite supply issues. For fine print analysis, watch the clip Subscribe To ET Now For Latest Updates On Stocks, Business, Trading | ► https://goo.gl/SEjvK3 Subscribe Now To Our Network Channels :- Times Now : http://goo.gl/U9ibPb The NewsHour Debate : http://goo.gl/LfNgFF To Stay Updated Download the Times Now App :- Android Google Play : https://goo.gl/zJhWjC Apple App Store : https://goo.gl/d7QBQZ Social Media Links :- Twitter - http://goo.gl/hA0vDt Facebook - http://goo.gl/5Lr4mC G+ - http://goo.gl/hYxrmj Website - www.etnownews.com