Latest news with #M&MGroup
Business Standard
08-07-2025
- Automotive
- Business Standard
M&M production climbs 20% YoY in June'25
Mahindra & Mahindra (M&M) said that its total production jumped 20.15% to 83,435 units in the month of June 2025, compared with 69,441 units produced in the same period last year. The auto major's total sales stood at 76,335 units in June 2025, registering a growth of 14.27% on a YoY basis. The exports surged 1.42% YoY to 2,634 units in June 2025. M&M Group enjoys a leadership position in farm equipment, utility vehicles, information technology and financial services in India. It is the world's largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate. The auto major's standalone net profit surged 21.85% to Rs 2,437.14 crore in Q4 FY25 as against Rs 2,000.07 crore recorded in Q4 FY24. Revenue from operations increased 24.50% year on year (YoY) to Rs 31,353.40 crore in the quarter ended 31 March 2025. Shares of Mahindra & Mahindra shed 0.88% to Rs 3,133 on the BSE.
Business Standard
09-06-2025
- Automotive
- Business Standard
M&M production climbs 28% YoY in May'25
Mahindra & Mahindra (M&M) said that its total production jumped 27.56% to 89,626 units in the month of May 2025, compared with 70,261 units produced in the same period last year. The auto major's total sales stood at 80,458 units in May 2025, registering a growth of 16.58% on a YoY basis. The exports surged 36.72% YoY to 3,652 units in May 2025. M&M Group enjoys a leadership position in farm equipment, utility vehicles, information technology and financial services in India. It is the world's largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate. The auto major's standalone net profit surged 21.85% to Rs 2,437.14 crore in Q4 FY25 as against Rs 2,000.07 crore recorded in Q4 FY24. Revenue from operations increased 24.50% year on year (YoY) to Rs 31,353.40 crore in the quarter ended 31 March 2025. Shares of Mahindra & Mahindra rose 0.75% to Rs 3,128.45 on the BSE.
Time of India
28-05-2025
- Business
- Time of India
Lokpal nixes 5 plaints against Sebi ex-chief
Photo/Agencies NEW DELHI: In a relief for former Sebi chief Madhabi Puri Buch , anti-corruption watchdog Lokpal has disposed of complaints against her, describing them as "untenable, unsubstantiated and bordering on frivolity". After examining all five charges against Puri Buch, the agency decided against ordering an investigation. "...we have concluded that the allegations in the complaint(s) are more on presumptions and assumptions and not supported by any verifiable material and do not attract the ingredients of the offences," it said. Complainants, including Trinamool lawmaker Mohua Moitra, had approached the Lokpal, alleging conflict of interest and quid pro quo by Buch during her tenure as a whole-time member and subsequently as Sebi chairman. "...the complaint(s) under consideration were essentially founded on the Hindenburg Report dated Aug 10, 2024, by a known short seller trader whose focus was to expose or corner Adani Group of companies. As noted in our order dated Sept 20, 2024, that report by itself cannot be made the sole basis to escalate action against the RPS (respondent public servant)," the six-member bench led by chairperson Justice AM Khanwilkar said in its 36-page order. There were five main allegations, including the former regulator and her husband Dhaval Buch investing in a fund linked to investments in Adani group companies which were under scrutiny for stock price manipulation. Puri Buch was accused of not disclosing her investments. Based on her response, the Lokpal concluded that she was not involved with the probe and she and her spouse had redeemed their investments before the investigations started. It also noted that Puri Buch and Dhaval were not in control of where the fund invested the money. On allegations that Dhaval received money from M&M Group on the pretext of consultancy, Lokpal said he was a qualified professional who took up the assignment post-retirement and his remuneration was much less than what he earned at Unilever. It also dismissed suggestions of Puri Buch influencing cases against M&M Group, pointing out that three cases were not related to the group. The watchdog also dismissed charges of quid pro quo in the case of Blackstone, where Dhaval was engaged in a consulting role. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Business Standard
08-05-2025
- Automotive
- Business Standard
M&M production climbs 20% YoY in April'25
Mahindra & Mahindra (M&M) said that its total production jumped 20.26% to 85,925 units in the month of April 2025, compared with 71,445 units produced in the same period last year. The auto major's total sales stood at 80,789 units in April 2025, registering a growth of 17.74% on a YoY basis. The exports surged 82.06% YoY to 4,381 units in April 2025. M&M Group enjoys a leadership position in farm equipment, utility vehicles, information technology and financial services in India. It is the world's largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate. The auto major's standalone net profit surged 21.85% to Rs 2,437.14 crore in Q4 FY25 as against Rs 2,000.07 crore recorded in Q4 FY24. Revenue from operations increased 24.50% year on year (YoY) to Rs 31,353.40 crore in the quarter ended 31 March 2025.
