M

Mahindra and Mahindra Ltd
NSE:M&M

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Mahindra and Mahindra Ltd
NSE:M&M
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Price: 2 906.35 INR -3.6% Market Closed
Market Cap: 3.5T INR
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Income Statement

Earnings Waterfall
Mahindra and Mahindra Ltd

Revenue
1.4T INR
Cost of Revenue
-853B INR
Gross Profit
565.8B INR
Operating Expenses
-360.3B INR
Operating Income
205.5B INR
Other Expenses
-95.1B INR
Net Income
110.4B INR

Income Statement
Mahindra and Mahindra Ltd

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Income Statement
Currency: INR
Mar-2003 Jun-2003 Sep-2003 Dec-2003 Mar-2004 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024
Revenue
Revenue
37 321
N/A
39 068
+5%
42 253
+8%
45 929
+9%
49 898
+9%
254 310
+410%
516 165
+103%
1 047 207
+103%
1 048 163
+0%
929 812
-11%
862 260
-7%
753 819
-13%
656 622
-13%
712 931
+9%
734 888
+3%
742 778
+1%
814 807
+10%
837 237
+3%
856 922
+2%
901 706
+5%
994 110
+10%
1 078 116
+8%
1 148 374
+7%
1 212 809
+6%
1 262 626
+4%
1 306 734
+3%
1 352 716
+4%
1 383 299
+2%
1 418 829
+3%
Gross Profit
Cost of Revenue
(24 767)
(26 612)
(29 031)
(31 197)
(33 743)
(143 303)
(289 836)
(592 998)
(586 855)
(504 266)
(456 799)
(381 043)
(322 236)
(359 618)
(375 961)
(384 755)
(432 681)
(453 647)
(475 512)
(520 821)
(587 054)
(651 638)
(698 107)
(746 083)
(768 568)
(794 250)
(825 725)
(843 196)
(853 005)
Gross Profit
12 554
N/A
12 456
-1%
13 221
+6%
14 732
+11%
16 156
+10%
111 008
+587%
226 329
+104%
454 209
+101%
461 308
+2%
425 545
-8%
405 461
-5%
372 776
-8%
334 387
-10%
353 314
+6%
358 927
+2%
358 023
0%
382 126
+7%
383 590
+0%
381 410
-1%
380 885
0%
407 057
+7%
426 479
+5%
450 267
+6%
466 726
+4%
494 058
+6%
512 484
+4%
526 990
+3%
540 103
+2%
565 825
+5%
Operating Income
Operating Expenses
(10 512)
(10 266)
(11 327)
(11 962)
(12 125)
(85 161)
(173 684)
(342 051)
(357 684)
(318 786)
(297 547)
(274 527)
(253 842)
(268 615)
(274 640)
(255 038)
(290 338)
(284 251)
(272 742)
(270 114)
(262 799)
(282 854)
(301 289)
(306 664)
(322 771)
(336 595)
(342 323)
(344 877)
(360 282)
Selling, General & Administrative
(3 814)
(3 880)
(3 997)
(3 995)
(4 174)
(29 121)
(58 592)
(264 548)
(116 732)
(99 455)
(91 079)
(82 148)
(76 681)
(84 113)
(83 411)
(193 051)
(80 748)
(81 765)
(82 979)
(204 575)
(85 248)
(88 774)
(91 778)
(234 814)
(100 131)
(103 471)
(105 722)
(266 026)
(129 086)
Depreciation & Amortization
(1 655)
(1 659)
(1 660)
(1 663)
(1 651)
(9 934)
(20 075)
(39 908)
(43 357)
(37 825)
(36 199)
(33 667)
(32 890)
(37 097)
(37 053)
(33 781)
(33 599)
(33 506)
(34 226)
(35 027)
(36 663)
(39 064)
(40 975)
(43 287)
(45 238)
(45 707)
(45 831)
(45 363)
(48 441)
Other Operating Expenses
(5 045)
(4 727)
(5 672)
(6 304)
(6 300)
(46 107)
(95 017)
(37 596)
(197 596)
(181 506)
(170 269)
(158 712)
(144 271)
(147 406)
(154 176)
(28 206)
(175 991)
(168 980)
(155 538)
(30 512)
(140 887)
(155 016)
(168 536)
(28 563)
(177 401)
(187 418)
(190 769)
(33 489)
(182 756)
Operating Income
2 043
N/A
2 190
+7%
1 895
-13%
2 771
+46%
4 032
+46%
25 846
+541%
52 645
+104%
112 158
+113%
103 624
-8%
106 760
+3%
107 914
+1%
98 249
-9%
80 544
-18%
84 698
+5%
84 287
0%
102 985
+22%
91 789
-11%
99 339
+8%
108 669
+9%
110 771
+2%
144 258
+30%
143 624
0%
148 978
+4%
160 063
+7%
171 288
+7%
175 889
+3%
184 668
+5%
195 226
+6%
205 543
+5%
Pre-Tax Income
Interest Income Expense
(869)
(790)
(730)
(620)
(516)
(8 252)
(16 782)
(26 228)
(40 114)
(43 616)
(46 960)
10 273
(52 133)
(53 838)
(52 806)
(38 715)
(43 637)
(38 426)
(35 509)
(20 989)
(30 553)
(31 766)
(35 886)
(32 811)
(41 150)
(44 256)
(48 313)
(42 537)
(58 737)
Non-Reccuring Items
0
(47)
79
0
0
(168)
(968)
2 243
120
0
0
0
7 658
(43)
(1 506)
(11 583)
(12 857)
(5 518)
(2 004)
2 993
4 806
12 229
15 116
12 135
12 283
5 221
1 094
5 414
3 375
Gain/Loss on Disposition of Assets
0
0
0
0
0
0
0
111
0
0
(93)
(11 713)
0
0
0
55
0
0
0
273
0
0
0
0
0
0
0
0
0
Total Other Income
797
975
996
810
866
6 945
8 611
425
11 350
7 936
9 025
(49 925)
(1 922)
(2 630)
(2 874)
735
10 352
10 190
9 682
570
9 543
8 947
10 036
1 215
13 921
15 734
16 944
1 675
11 127
Pre-Tax Income
1 970
N/A
2 328
+18%
2 240
-4%
2 961
+32%
4 382
+48%
24 371
+456%
43 506
+79%
88 708
+104%
74 980
-15%
71 080
-5%
69 886
-2%
46 884
-33%
34 147
-27%
28 187
-17%
27 101
-4%
53 477
+97%
45 646
-15%
65 586
+44%
80 838
+23%
93 618
+16%
128 054
+37%
133 034
+4%
138 244
+4%
140 602
+2%
156 342
+11%
152 588
-2%
154 393
+1%
159 778
+3%
161 308
+1%
Net Income
Tax Provision
(515)
(525)
(290)
(445)
(897)
(7 282)
(11 336)
(28 540)
(24 716)
(24 808)
(27 724)
(19 756)
(15 415)
(14 659)
(12 965)
(16 458)
(13 143)
(16 062)
(18 040)
(21 088)
(28 600)
(28 279)
(28 401)
(26 858)
(29 365)
(30 986)
(32 961)
(37 080)
(39 990)
Income from Continuing Operations
1 456
1 803
1 950
2 516
3 485
17 089
32 170
60 169
50 264
46 272
42 162
27 128
18 733
13 529
14 137
37 019
32 504
49 524
62 798
72 530
99 455
104 755
109 842
113 745
126 977
121 602
121 433
122 698
121 317
Income to Minority Interest
0
0
0
0
0
(1 040)
(3 015)
(7 014)
(5 040)
(4 203)
(1 935)
4 480
2 764
2 839
7 994
3 001
12 080
6 581
(3 845)
(6 757)
(15 965)
(12 824)
(11 021)
(10 930)
(11 033)
(9 909)
(9 920)
(10 012)
(10 889)
Net Income (Common)
1 456
N/A
1 803
+24%
1 950
+8%
2 516
+29%
3 485
+39%
16 049
+361%
29 155
+82%
53 155
+82%
45 224
-15%
32 656
-28%
21 549
-34%
1 270
-94%
(8 842)
N/A
(10 967)
-24%
(5 922)
+46%
18 125
N/A
23 341
+29%
41 271
+77%
54 102
+31%
65 773
+22%
83 490
+27%
91 931
+10%
98 822
+7%
102 815
+4%
115 944
+13%
111 694
-4%
111 512
0%
112 686
+1%
110 429
-2%
EPS (Diluted)
1.56
N/A
1.94
+24%
2.1
+8%
2.71
+29%
3.76
+39%
14.71
+291%
26.72
+82%
48.67
+82%
40.7
-16%
28.92
-29%
19.29
-33%
1.03
-95%
-7.97
N/A
-9.54
-20%
-5.29
+45%
16.15
N/A
20.81
+29%
36.93
+77%
48.42
+31%
58.96
+22%
74.72
+27%
82.22
+10%
88.38
+7%
92.02
+4%
103.66
+13%
99.85
-4%
99.66
0%
100.72
+1%
98.63
-2%

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