Operationally in line; demand outlook positive in FY25

Company

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.