Operationally in line; demand outlook positive in FY25

11 Mar 2024
5 Min read 
  • Mahindra & Mahindra's 3QFY24 operating performance was in line with estimates.
  •  The company expects growth in mid-to-high teens for its UV portfolio in FY25.
  •  The demand outlook for the automobile sector is positive in FY25.
  •  The company's adjusted PAT beat estimates due to higher other income and lower tax.
  •  Mahindra & Mahindra's SUV portfolio is expected to grow by mid-to-high teens in FY25.
  •  The company expects tractor volumes to decline in 4QFY24 and FY24, but the guidance for FY25 tractor demand is positive.
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