M&M shares in focus after Q2 PAT beats estimates. Should you buy, sell, or hold?
- Posted on November 8, 2024
- By Business News Today
- 2 Views
M&M shares in focus after Q2 PAT beats estimates. Should you buy, sell, or hold?
Mahindra & Mahindra (M&M) reported a 13% YoY growth in standalone net profit for Q2FY25, reaching Rs 3,841 crore, surpassing street estimates of Rs 3,581 crore. Revenue grew 12% YoY to Rs 28,919 crore, while EBITDA stood at Rs 5,270 crore with 18.2% margins. The auto segment achieved record quarterly volumes, including 1.36 lakh units of UV sales.