Revenue from operations increased 16.7% year on year (YoY) to Rs 25,288.51 crore in the quarter ended 31 December 2023.

Profit before tax was at Rs 3,120.73 crore in Q3 FY24, registering a growth of 59.41% from Rs 1,957.62 crore in Q3 FY23.

EBITDA grew by 10% to Rs 3,590 crore in the third quarter of FY24 as compared with Rs 3,273 crore recorded in the similar quarter last year.

During the quarter, M&M sold 2,11,443 vehicles, recording a growth of 20% as against 1,76,094 vehicles sold in the same quarter a year ago. While total tractors sold in Q3 FY24 stood at 1,00,522 units, down 4% from 1,04,850 units sold in Q3 FY23.

On consolidated basis, the vehicle manufacturer net profit stood at Rs 2,658.40 crore, down 0.67% year on year. While, revenue from operation jumped 15.01%...

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