M&M jumps 2% on posting 16% jump in December sales numbers

Domestic sales of three-wheelers, including electric 3Ws, were 5,750 units in December 2024, up 8% from 5,307 units in December 2023.

The domestic sales for Commercial Vehicles (LCV 2 T—3.5 T) stood at 16,139 vehicles, and sales of Commercial Vehicles (LCV > 3.5T + MHCV) stood at 954 units. The company's exports increased 70% to 3,092 units in December 2024, compared to 1,819 units in December 2023.

M&M is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in automobile manufacturing. It is one of the leading auto companies in India.

In the quarter gone by, revenue grew by 10.1% YoY to ₹37,924 crore, while EBITDA jumped 24% YoY to ₹7,133 crore. The EBITDA margin stood at 18.8% vs. 16.6% in the previous year's similar quarter. Lastly, the net profit for the quarter grew by 28% YoY to ₹2,894 crore.

Shares of M&M jumped 2% higher at ₹3,065 apiece on the NSE at 2:00 pm. After announcing strong monthly sales data for December.