• M&M reported 11% quarter-on-quarter (QoQ) decline in its consolidated revenues for the quarter ended June (Q1FY22). On a year-on-year (YoY) basis, it increased by 59.2%.
  • Its expenses for the quarter were up by 2.3% QoQ and 65.5% YoY
  • The auto major reported a net loss of Rs 332 crores during the June 2021 quarter versus a net profit of Rs 120 crores in the same quarter last year.
  • Auto business continued strong booking pipeline; Market share was up compared to Q4FY21.
  • New launches on track with Bolero Neo and Supro Profit Truck launches.

M&M's Financial Statements for Q1FY22:

(Rs, crores) Q1FY21 Q4FY21 Q1FY22 QoQ (%) YoY (%)
Total Income 12,163 21,771 19,368 -11.0% 59.2%
Total Expenses 12,257 19,825 20,286 2.3% 65.5%
Profit before tax 233 1,978 -550 - -
Tax 114 343 -218 - -
Profit after tax 120 1,635 -332 - -

Data Source: BSE, Company announcements

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