Mahindra & Mahindra Q1 Profit Grows 6.8% to ₹3,685 Crore

Mahindra & Mahindra reported a 23% revenue growth to ₹41,920 crore for the June quarter, driven by a 21% increase in overall sales volumes.

The company's net profit rose 6.8% to ₹3,685 crore, while EBITDA margins contracted by 210 basis points to 12.2% due to commodity headwinds and electric vehicle costs.

On a consolidated basis, the firm achieved a 27% revenue increase to ₹57,533 crore and a 37% profit jump to ₹5,998 crore compared to the same period last year.