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M&M consolidated Q3 net up 34 per cent

Thehindubusinessline · 1y

Mahindra and Mahindra Ltd reported a 34% rise in consolidated net profit to ₹2,658 crore for the December quarter. Revenue from operations grew 15% to ₹35,218 crore. The company expects its SUV market share to grow to mid to high teens. It plans to start selling electric vehicles from its born EV platform in 2025. The farm division saw a decrease in volume by 4.1%, however, the farm machine business witnessed 30% year-to-date growth.