Mumbai, November 10, 2017
The Board of Directors of Mahindra and Mahindra have announced the unaudited financial
results for the second quarter of FY 2018. The net revenue of Mahindra and Mahindra (M&M)
and Mahindra Vehicle Manufacturers Ltd (MVML) stood at Rs 12,573 crores for Q2 FY2018,
registering a growth of 17 per cent. The companies recorded a PAT of Rs 1,411 crores in Q2,
while their H1 PAT stood at Rs 2,163 crores.
The group consolidated revenue stands at Rs 22,725 crores for Q2 and the company has
registered a PAT of Rs 2,031 crores along with a profit before tax (PBT) of Rs 1,956 crores.
The Scheme of Arrangement for the merger of the two-wheeler business of the company’s
subsidiary Mahindra Two Wheelers Limited (MTWL) with the company was approved by the
Mumbai Bench of NCLT on 18 th October 2017, and on completion of formalities on 25 th
October 2017, the order has been given effect to with effect from 1stOctober 2016.
Accordingly, results of the Two Wheeler business have been included in all periods
presented, stated the company’s report.
Mahindra and Mahindra’s standalone result shows a net income of Rs 12,744 crores while
their PAT stands at Rs 1,332 crores.
The group consolidated result for the half year ended September 30, 2017 show revenues of
Rs 45,937 crores translating to USD 7 billion. The consolidated PAT stands at Rs 2,888
crores (USD 439 million) and the consolidated PBT is registered at Rs 3,529 crores (USD 536