{"id":8983,"date":"2022-06-01T12:52:46","date_gmt":"2022-06-01T07:22:46","guid":{"rendered":"https:\/\/www.tickertape.in\/blog\/?p=8983"},"modified":"2022-06-01T12:52:47","modified_gmt":"2022-06-01T07:22:47","slug":"mahindra-and-mahindra-march-2022-results","status":"publish","type":"post","link":"https:\/\/www.tickertape.in\/blog\/mahindra-and-mahindra-march-2022-results\/","title":{"rendered":"Mahindra &#038; Mahindra Q4 Results Announced &#8211; Shares Surged to an All-Time High"},"content":{"rendered":"\n<p>Indian multinational automotive manufacturing corporation, <a href=\"https:\/\/www.tickertape.in\/stocks\/mahindra-and-mahindra-MAHM?checklist=pro&amp;utm_source=blog&amp;utm_medium=article\" target=\"_blank\" rel=\"noreferrer noopener\">Mahindra &amp; Mahindra<\/a> (M&amp;M) stock surged more than 5% to its all-time high and crossed the Rs 1,000 per share mark on Tuesday. The primary reason behind the stock rally seems to be the company&#8217;s strong profits in the March 2022 quarter.\u00a0<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_66_1 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.tickertape.in\/blog\/mahindra-and-mahindra-march-2022-results\/#Stock-performance\" title=\"Stock performance\">Stock performance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.tickertape.in\/blog\/mahindra-and-mahindra-march-2022-results\/#Financial-performance-of-M-M\" title=\"Financial performance\u00a0of M&amp;M\">Financial performance\u00a0of M&amp;M<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.tickertape.in\/blog\/mahindra-and-mahindra-march-2022-results\/#Anand-Mahindras-comment-on-the-surge\" title=\"Anand Mahindra\u2019s comment on the surge\">Anand Mahindra\u2019s comment on the surge<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Stock-performance\"><\/span><strong>Stock performance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In 2022, the stock has rallied 22% whereas the <a href=\"https:\/\/www.tickertape.in\/indices\/nifty-auto-index-.NIFTYAUTO?utm_source=blog&amp;utm_medium=article\" target=\"_blank\" rel=\"noreferrer noopener\">Nifty Auto Index<\/a> has seen a modest gain of 6% in the same period. The M&amp;M stock recorded its all-time high of Rs 1,042.35 apiece on 30 May 2022.<\/p>\n\n\n\n<p>On Monday, 30 May 2022, the stock closed at Rs 998.35 apiece whereas, on Tuesday, the stock surged 3.80% to Rs 1,036.25. The primary reason behind the surge seems to be the announcement of healthy FY 2022 Q4 results.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Financial-performance-of-M-M\"><\/span><strong>Financial performance\u00a0<\/strong>of M&amp;M<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The revenue of the company for the March 2022 quarter has appreciated 28.2% to Rs 17,124 cr. from Rs 13,356 cr. in the same period a year ago. The company&#8217;s quarterly net profit is up 427% for the quarter under review to Rs 1,292 cr. from Rs 245 cr. in the same period the previous year.&nbsp;<\/p>\n\n\n\n<p>The consolidated profit after tax (PAT) has risen to Rs 2,237 cr. for the period under review from Rs 1,513 cr in the same period a year ago, amounting to 48%. On top of gains, the company has announced a <a href=\"https:\/\/www.tickertape.in\/blog\/cash-dividend-vs-stock-dividend\/\">dividend<\/a> of Rs 11.55 per share, which is 231% of the face value.&nbsp;<\/p>\n\n\n\n<p><a href=\"https:\/\/www.mahindra.com\/news-room\/press-release\/mm-results-q4-and-full-year-fy22\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">M&amp;M said<\/a> their auto business delivered the highest ever quarterly UV volumes in FY 2022 Q4 with 42% growth y-o-y. However, the company witnessed a slight dip in its earnings before interest, tax, depreciation and amortisation (<a href=\"https:\/\/www.tickertape.in\/blog\/what-is-ebitda\/\">EBITDA<\/a>) in the same period.<\/p>\n\n\n\n<p>The company has also declared the highest ever standalone revenue for Auto and Farm Segments at Rs 55,300 cr. for FY22 and a strong auto-export performance with 77% growth y-o-y.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Anand-Mahindras-comment-on-the-surge\"><\/span><strong>Anand Mahindra\u2019s comment on the surge<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The recent rally prompted the Mahindra Group chairman, Anand Mahindra <a href=\"https:\/\/twitter.com\/anandmahindra\/status\/1531312543569829888?s=20&amp;t=xk8WSTLo8uNY7nq1Wj5rlw\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">congratulate<\/a> his colleagues for the bounce back after the sharp fall in 2019 from its all-time high of Rs 984. In an annual leadership conference the same year, he requested his team to \u201ctake the hill\u201d i.e. dare to dream.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mahindra &#038; Mahindra (M&#038;M) stock reached its all-time high. Read on to find out more about the rise and March 2022 quarter results.<\/p>\n","protected":false},"author":90,"featured_media":8984,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[10,1744],"tags":[1589,800,252],"acf":[],"modified_by":"Anjali Chourasiya","jetpack_featured_media_url":"https:\/\/www.tickertape.in\/blog\/wp-content\/uploads\/2022\/06\/05.png?wsr","_links":{"self":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/8983"}],"collection":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/users\/90"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/comments?post=8983"}],"version-history":[{"count":2,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/8983\/revisions"}],"predecessor-version":[{"id":8986,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/8983\/revisions\/8986"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/media\/8984"}],"wp:attachment":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/media?parent=8983"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/categories?post=8983"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/tags?post=8983"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}