<p>Mumbai: Mahindra & Mahindra on Wednesday reported a 34 per cent increase in its consolidated profit after tax at Rs 2,658 crore for the third quarter ended December 31, 2023, driven by robust sales across verticals.</p><p>The auto major had reported a profit after tax of Rs 1,984 crore for the October-December quarter of the last financial year.</p><p>Revenue increased 15 per cent to Rs 35,299 crore for the period under review, as compared to Rs 30,621 crore in the year-ago period, Mahindra & Mahindra (M&M) said in a regulatory filing.</p><p>"Our businesses have delivered a solid operating performance this quarter. Auto continues to gain market share and grew rapidly to double its profit. Farm has gained market share despite tough market conditions," M&M Managing Director & CEO Anish Shah said.</p>.Mahindra Group appoints Amarjyoti Barua as Group CFO.<p>He further said: "TechM is working through challenging operating results but I feel good that the right actions are being taken to turnaround its performance." </p><p>The company continued the journey of unlocking value in its growth gems with the listing of India's largest renewable InvIT and partnerships with marquee investors, Shah said.</p><p>Shares of the company were trading 0.13 per cent higher at Rs 1,648.10 apiece on the BSE. </p>
<p>Mumbai: Mahindra & Mahindra on Wednesday reported a 34 per cent increase in its consolidated profit after tax at Rs 2,658 crore for the third quarter ended December 31, 2023, driven by robust sales across verticals.</p><p>The auto major had reported a profit after tax of Rs 1,984 crore for the October-December quarter of the last financial year.</p><p>Revenue increased 15 per cent to Rs 35,299 crore for the period under review, as compared to Rs 30,621 crore in the year-ago period, Mahindra & Mahindra (M&M) said in a regulatory filing.</p><p>"Our businesses have delivered a solid operating performance this quarter. Auto continues to gain market share and grew rapidly to double its profit. Farm has gained market share despite tough market conditions," M&M Managing Director & CEO Anish Shah said.</p>.Mahindra Group appoints Amarjyoti Barua as Group CFO.<p>He further said: "TechM is working through challenging operating results but I feel good that the right actions are being taken to turnaround its performance." </p><p>The company continued the journey of unlocking value in its growth gems with the listing of India's largest renewable InvIT and partnerships with marquee investors, Shah said.</p><p>Shares of the company were trading 0.13 per cent higher at Rs 1,648.10 apiece on the BSE. </p>