Stock Analysis
Mahindra & Mahindra Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags
Mahindra & Mahindra (NSE:M&M) Full Year 2024 Results
Key Financial Results
- Revenue: ₹1.41t (up 15% from FY 2023).
- Net income: ₹112.7b (up 9.6% from FY 2023).
- Profit margin: 8.0% (down from 8.4% in FY 2023). The decrease in margin was driven by higher expenses.
- EPS: ₹101 (up from ₹92.41 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Mahindra & Mahindra Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates by 2.6%.
Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 7.4% growth forecast for the Auto industry in India.
Performance of the Indian Auto industry.
The company's shares are down 1.4% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 3 warning signs for Mahindra & Mahindra (of which 1 is a bit concerning!) you should know about.
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About NSEI:M&M
Mahindra & Mahindra
Provides mobility products and farm solutions in India and internationally.