M&M’s Q2FY24 Quarter Results
- 10 Nov 2023
- M&M reported 1% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter ended Sept (Q2FY24). On a year-on-year (YoY) basis, it witnessed a growth of 16%.
- Its expenses for the quarter were up by 4% QoQ and 16% YoY.
- The net profit decreased 33% QoQ and 18% YoY.
- The earnings per share (EPS) of M&M stood at 21 during Q2FY24.
M&M’s Financial Statements for Q2FY24:
(Rs crores)
Total income
Q2FY23
30,131
Q1FY24
34,699
Q2FY24
35,027
QoQ (%)
1%
YoY (%)
16%
(Rs crores)
Total expenses
Q2FY23
27,329
Q1FY24
30,492
Q2FY24
31,680
QoQ (%)
4%
YoY (%)
16%
(Rs crores)
Profit before tax
Q2FY23
3,943
Q1FY24
4,468
Q2FY24
3,568
QoQ (%)
-20%
YoY (%)
-10%
(Rs crores)
Tax
Q2FY23
922
Q1FY24
784
Q2FY24
1,084
QoQ (%)
38%
YoY (%)
18%
(Rs crores)
Profit after tax
Q2FY23
3,021
Q1FY24
3,684
Q2FY24
2,484
QoQ (%)
-33%
YoY (%)
-18%
(Rs crores)
Earnings per share
Q2FY23
24.8
Q1FY24
31.4
Q2FY24
21.0
QoQ (%)
YoY (%)
| (Rs crores) | Q2FY23 | Q1FY24 | Q2FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
| Total income | 30,131 | 34,699 | 35,027 | 1% | 16% |
| Total expenses | 27,329 | 30,492 | 31,680 | 4% | 16% |
| Profit before tax | 3,943 | 4,468 | 3,568 | -20% | -10% |
| Tax | 922 | 784 | 1,084 | 38% | 18% |
| Profit after tax | 3,021 | 3,684 | 2,484 | -33% | -18% |
| Earnings per share | 24.8 | 31.4 | 21.0 |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
