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M&M Q1 Results: Net profit jumps 97% to ₹2,774 crore; revenue grows 23% YoY
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₹2,773.73 crore in the quarter ended June 2023, registering a sharp growth of 97.6% from ₹1,403.61 crore in the same quarter last year. The company's standalone revenue from operations during Q1FY24 jumped 23% to ₹24,368 crore from ₹19,813 crore, YoY.
Other income increased to ₹658 crore from ₹140 crore in the year-ago quarter. Operating profit or earnings before interest, taxes, depreciation and amortization (EBITDA) during the quarter under review rose 46.5% to ₹3,547 crore from ₹2,421 core, while EBITDA margin improved to 14.6% from 12.2%, YoY.
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