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The Momentum continues …
FY22 Standalone PAT after EI up 401%
FY22 Consolidated PAT after EI at Rs 6,577 crores, up 97%
Q4 Consolidated PAT after EI at Rs 2,237 crores, up 48%
Dividend of Rs 11.55 per share, up 32%
Mumbai, May 28, 2022: The Board of Directors of Mahindra & Mahindra Limited today approved the financial results for the quarter and year ended 31st March 2022 of the Company and the consolidated Mahindra Group.
Commenting on FY’22 performance:
Dr Anish Shah, Managing Director & CEO, M&M Ltd, said, “Our performance in Q4 and FY’22 underscores the resilience of our business model. Despite significant challenges due to various factors like Covid-19, commodity prices, semiconductor shortages and the Ukraine conflict, we have delivered strong results at the consolidated level. All of our group companies are well positioned to capitalise on growth opportunities.”
Mr Rajesh Jejurikar, Executive Director, M&M Ltd, said, “We recorded our highest revenue for Auto and Farm segment in FY’22. M&M became No.1 in SUV Revenue Market Share in Q4 and H2 FY’22, while FES gained 180 basis points market share in FY’22. With 170k+ bookings, the demand for the automotive product portfolio remains strong. FES delivered second highest full year PBIT despite market slowdown and steep commodity inflation. Given the recent fiscal and monetary measures by the Government of India and RBI, we foresee the cost pressures in the economy to ease out.”
Mr Manoj Bhat, Group Chief Financial Officer, M&M Ltd, said, “Our focus on capital allocation and improved financial metrics continues to deliver results. We continue on our journey towards 18% RoE.”
All statements included or incorporated by reference in this media release, other than statements or characterisations 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 forward-looking statements are reasonable, there can be no assurance that such 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
Head – Group Communications
Mahindra & Mahindra Ltd.
Email – [email protected]