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regular-article-logo Friday, 08 November 2024

Mahindra & Mahindra posts 35 per cent PAT growth; AMNS India sees 31 per cent EBITDA drop

Emami Ltd reported a 19 per cent increase in its net profit in Q2 reaching ₹213 crore, driven by improved margins and steady growth in both domestic and international markets

Our Bureau Calcutta Published 08.11.24, 11:06 AM
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Mahindra & Mahindra Ltd on Thursday reported a 35 per cent on-year growth in consolidated profit after tax (PAT) at 3,171-crore in three months to September against 2,348 crore a year ago. Consolidated revenue was at 37,924 crore, up 10 per cent from 34,436 crore a year ago.

“Auto and farm continued to strengthen market leadership by gaining market share and expanding margins,” Anish Shah, MD and CEO at M&M, said.

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AMNS India

AMNS India posted a 31.3 per cent drop in EBITDA in the June to September quarter to $162 million, down from $237 million a year ago. The company attributed the fall to challenging market conditions and cost pressures.

Sales declined 2.8 per cent to $1.5 billion from $1.6 billion, mainly due to lower average steel prices. Production reached 1.74mt, down from 1.86mt.

Emami net up

Emami Ltd reported a 19 per cent increase in its net profit in Q2 reaching 213 crore, driven by improved margins and steady growth in both domestic and international markets.

Revenue from operations during the quarter rose 3 per cent to 891 crore.

Trent profit

Trent has reported a 46 per cent increase in standalone net profits in Q2. Net profit of the Tata group firm rose to 423.44 crore against 289.67 crore in the same quarter of the previous year.

Consumer sentiment has remained relatively muted. This coupled with seasonality has meant that retail businesses have faced headwinds,” Noel N Tata, chairman, Trent Ltd, said.

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