Mahindra Reveals Q3 FY2022 Results: Registers 57 Per Cent Growth In Profits

Highlights
- Mahindra & Mahindra registers a 57 per cent growth in the Q3 profit.
- The revenue from operations grew by 8 per cent.
- The consolidated revenue from operation increased by 9 per cent.
Mahindra & Mahindra announced its financial results for Q3 FY2022. The homegrown company reported a 57 per cent growth in the Q3 profit, enhanced by higher demand for the automaker's commercial vehicles and farm equipment that offset an increase in costs due to supply chain disruptions. The revenue from operations for Q3 FY2022 came in at Rs. 15,239 crore, up 8 per cent against Rs. 14,057 crore in the year-ago period. The consolidated net profit for the company from continuing operations was Rs. 1,987 crore rupees for the Q3 ended December 31, 2021, up from Rs. 1,268 crore for the quarter ended December 31, 2020. The consolidated revenue from group operation increased by 9 per cent to Rs. 23,594 crore for the Q3 FY2022 as against Rs. 21,626 crore in the corresponding quarter of last year.
Also Read: Mahindra XUV700 Receives More Than 1 Lakh Bookings In 4 Months; Waiting Period Continues To Climb
Anish Shah, MD & CEO, M&M Ltd, said, “We have seen improved performance across multiple businesses as reflected in our consolidated performance. Our Auto business has done well despite supply-side challenges while our Farm business has shown market share increase despite a slowdown in the market.”

The farm equipment business saw a hike of 8 per cent, selling 2,78,923 units for the Q3 ended December 31, 2021.
Rajesh Jejurikar, Executive Director, M&M Ltd, said, “With better availability of semi-conductors, we hope to build the volume growth momentum in Q4 F22 in our journey to being No 1 in core SUVs. FES gained 140 basis points market share YOY in Q3 F22 and delivered robust financial metrics despite market slowdown and steep commodity inflation.”
Also Read: Auto Sales January 2022: Mahindra Sees 37% Drop In Domestic Tractor Sales, But Exports Rise 25% YoY
As far as the consolidated sales for passenger vehicles and tractors go, during Q3 FY2022, the company sold a total of 1,18,174 units compared to 1,21,133 units sold in Q3 FY2021, a decline of 2 per cent, while the farm business also took a hit of 9 per cent as it sold 91,769 units in Q3 FY2022 as against 1,00,696 in Q3 FY2021. However, the company registered a 25 per cent growth as it sold 3,03,366 units in the last 9 months for the Q3 ended December 31, 2021, as compared to 2,42,288 units sold for Q3 ended December 31, 2020. Similarly, the farm equipment business saw a hike of 8 per cent, selling 2,78,923 units for the Q3 ended December 31, 2021, as against 2,58,387 units sold during Q3 ended December 31, 2020.
Great Deals on Used Cars
View All Used Cars
- 35,249 km
- Petrol
- Manual

- 8,000 km
- Hybrid
- Automatic

- 88,000 km
- Diesel
- Automatic

- 53,763 km
- Petrol
- Manual

- 24,110 km
- Diesel
- Automatic

- 72,000 km
- Diesel
- Automatic

- 20,156 km
- Electric
- Automatic

- 64,000 km
- Petrol
- Manual

- 65,000 km
- Petrol
- Manual

- 85,000 km
- Hybrid
- Automatic
Popular Mahindra Models

₹ 9.99 - 16.49 Lakh

₹ 7.99 - 14.74 Lakh

₹ 7.85 - 10.68 Lakh

₹ 13.95 - 24.58 Lakh

₹ 9.33 - 10.26 Lakh

₹ 13.54 - 18.62 Lakh

₹ 8.93 - 9.42 Lakh

₹ 11.99 - 23.9 Lakh

₹ 14.1 - 16.47 Lakh

₹ 8.85 - 9.12 Lakh

₹ 8.77 - 11.5 Lakh

₹ 6.2 - 7.86 Lakh

₹ 15.99 - 19.19 Lakh

₹ 28.88 - 31.88 Lakh

₹ 13 - 16.81 Lakh
Upcoming Cars










Upcoming Bikes










Explore More
Latest News
Related Articles

-19104 second ago
The standard W175 is now priced from Rs 1.22 lakh (ex-showroom) positioning it under the W175 Street.

-17787 second ago
The scooter is offered with a special battery subscription scheme, which drives the initial price down and requires the buyer to pay a monthly subscription fee

-16924 second ago
The design patent shows the final production EV will be close to the Sierra concept showcased at the 2023 Auto Expo.

-9875 second ago
The model is offered in both single and double cab guises in Algeria, while Brazil focuses solely on the four-door model

-4904 second ago
The Renault Kwid and Triber get benefits up to Rs 50,000 while the Kiger gets maximum discounts of up to Rs 65,000

15 hours ago
The partnership looks to set up 7,000 electric vehicle charging stations across India.

17 hours ago
Stellantis and Ample have already established a pilot program that will begin in Madrid, Spain, in 2024 and will be using 100 Fiat 500e EVs within Stellantis Free2move car-sharing service.

18 hours ago
The one-off creation is mechanically identical to the standard Chiron Super Sport but features elements inspired by the Type 57 SC Atlantic such as the bespoke paint finish and chrome grille.

19 hours ago
Bridgestone will take over from Hankook, which is the present tyre supplier for the single-seater electric racing championship.

2 months ago
Mahindra & Mahindra has officially teased the 2021 Bolero Neo subcompact SUV, which is expected to be launched in the country very soon.

6 months ago
Mahindra has recently rolled out the 1,00,000th XUV700. The carmaker has achieved this milestone in less than 2 years.

8 months ago
Mahindra associates with four Tata IPL T20 league teams - Royal Challengers Bangalore, Delhi Capitals, Mumbai Indians, and Rajasthan Royals.

10 months ago
Mahindra, known for XUV, Thar and Scorpio cars, said profit rose to Rs. 1528 crore ($185.2 million) in the three months that ended December 31, from Rs. 1335 crore.
