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M&M Q4 Consolidated Revenues at Rs 21,456 crores up 32%
Consolidated Q4 PAT before EI at Rs 1,834 crores up 170%
FY21 Operating Cash Generated Rs 10,022 crores up 119%
Mumbai, May 28, 2021: The Board of Directors of Mahindra & Mahindra Limited today approved the financial results for the quarter ended 31st March 2021 of the Company and the consolidated Mahindra Group.
**PAT is PAT after NCI - Non-Controlling Interest
Highlights of the financial results are:
Commenting on FY21 performance Dr. Anish Shah, Managing Director & CEO, M&M Ltd, said, “Our associates deserve all the credit for an outstanding performance in a tough year. Our primary focus has been “people first”, keeping our associates and our communities safe. We have delivered our promise on capital allocation actions and have seen very positive results. We are now focused on growth … across our core businesses, growth gems and digital platforms”.
Mr. Rajesh Jejurikar, Executive Director, M&M Ltd, said, “Our approach of Walk-Run-Fly has delivered strong financial returns in FY21 .The strong margins and turnaround of global subsidiaries in FES along with a robust automotive demand momentum through the focused SUV strategy has set the ground for us to now accelerate to fly . New products and technologies , farm machinery opportunity , Krishe and cost management sets us up for a bold , aggressive growth trajectory “
Mr. Manoj Bhat, Chief Financial Officer, M&M Ltd, said, “ Our journey towards our goals of streamlining capital allocation and delivering superior returns has begun well. We are delighted by the robust operating cashflow in a year which saw the impact of the pandemic as well as multiple supply side challenges.”
All statements included or incorporated by reference in this media release, other than statements or characterizations of historical fact, are forward-looking statements. These forward-looking statements are based on our current expectations, estimates and projections about our industry, management's beliefs and certain assumptions made by us. Although M&M believes that the expectations reflected in such forwardlooking statements are reasonable, there can be no assurance thatsuch expectations will prove to be correct. Any forward-looking statement speaks only as of the date on which such statement was made, and M&M undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. No assurance can be given that actual results, performance or achievement expressed in, or implied by, forward looking statements within this disclosure will occur, or if they do, that any benefits may be derived from them.
Media contact information
Pramuch Goel (Strategic & Corporate)
Senior Manager, Group Communications
Mahindra & Mahindra Ltd.
Email – [email protected]