(PTI) Shares of Mahindra & Mahindra on Monday climbed nearly 4 per cent after the company reported 18 per cent jump in consolidated profit for the March quarter and highest-ever annual profit of ₹10,282 crore in FY23.
The stock ended at ₹1,329.45, a gain of 3.71 per cent on the BSE. During the day, it climbed 5.31 per cent to ₹1,350.
At the NSE, it rallied 3.37 per cent to settle at ₹1,325.05.
The company's market valuation jumped by ₹5,919.2 crore to ₹1,65,320.94 crore.
In traded volume terms, 2.35 lakh shares of the company were traded at the BSE and over 61.85 lakh shares at the NSE during the day.
It emerged as the biggest gainer among both the Sensex and Nifty firms.
Driven by robust performance across business verticals, Mahindra & Mahindra on Friday reported 18 per cent jump in consolidated profit at ₹2,637 crore for the March quarter and highest-ever annual profit of ₹10,282 crore in FY23.
The automaker also revised upwards the capital expenditure (capex) outlay for the three years cycle of FY22-FY24 to ₹15,900 crore from ₹15,075 crore.
The Mumbai-based company had reported a profit after tax (PAT) of ₹2,237 crore in January-March 2021-22.
Revenue increased to ₹32,366 crore in the fourth quarter of FY23, as compared to ₹25,934 crore in the year-ago period.
For the year ended March 31, 2023, the company posted a consolidated PAT of ₹10,282 crore as against ₹6,577 crore in FY22.
The company said the FY23 PAT is its highest-ever profit reported in a fiscal year.
Revenue rose to ₹1,21,269 crore last fiscal, as against ₹90,171 crore in 2021-22, an increase of 34 per cent.
