M&Ms total production rises 28% YoY in July22

18 Aug 2022 , 12:27 PM

The companys total sales increased by 31% to 53,350 units in July 2022 from 40,860 units sold in July 2021. Exports for the period under review stood at 2,798 units (up 32% YoY). M&M Group enjoys a leadership position in farm equipment, utility vehicles, information technology and financial services in India. It is the worlds largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate. The company reported 66.9% rise in standalone net profit to Rs 1,430 crore on a 66.7% jump in revenue to Rs 19,613 crore in Q1 FY23 over Q1 FY22. The scrip fell 1.22% to currently trade at Rs 1258.95 on the BSE. On a year-to-date (YTD) basis, the stock has gained 50.62% while the benchmark Sensex has added 3.08% during the same period. Powered by Capital Market – Live News