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Mahindra and Mahindra Ltd (MAHM.NS)

MAHM.NS on National Stock Exchange of India

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Latest Key Developments (Source: Significant Developments)

Mahindra And Mahindra's Aug Production Falls
Thursday, 5 Sep 2019 

Sept 5 (Reuters) - Mahindra and Mahindra Ltd ::AUG PRODUCTION 34520 UNITS VERSUS 54888 UNITS.  Full Article

India's Mahindra And Mahindra MD Says Likely To See More Job Cuts This Fiscal Year If Slowdown Continues
Thursday, 5 Sep 2019 

Sept 5 (Reuters) - Mahindra and Mahindra Ltd MD Pawan Goenka ::LIKELY TO SEE MORE JOB CUTS THIS FISCAL YEAR IF SLOWDOWN CONTINUES.COMPANY HAS ALREADY CUT 1,500 JOBS, ABOUT 5% OF ITS TOTAL WORKFORCE.NOT PLANNING TO HALT PRODUCTION DURING SEPT AS OF NOW, WILL EVALUATE IN OCT DEPENDING ON FESTIVE SALES.PLAN TO DEFER 10% CAPEX INVESTMENT THIS YEAR, AS MUCH AS 10 BILLION RUPEES.PLAN TO DEFER INVESTMENT IN INCREASING PRODUCTION CAPACITY FOR ABOUT A YEAR.  Full Article

Mahindra And Mahindra Unit To Have Upto 14 'No Production Days' In Q2
Friday, 9 Aug 2019 

Aug 9 (Reuters) - Mahindra and Mahindra Ltd ::MAHINDRA AND MAHINDRA SAYS MAHINDRA VEHICLE MANUFACTURERS LTD WILL HAVE ''NO PRODUCTION DAYS'' FOR 8-14 DAYS IN VARIOUS PLANTS DURING Q2 FY20.SAYS MOVE AS PART OF ALIGNING PRODUCTION WITH SALES REQUIREMENTS.  Full Article

India's Mahindra And Mahindra June Qtr PAT Rises
Wednesday, 7 Aug 2019 

Aug 7 (Reuters) - Mahindra and Mahindra Ltd ::JUNE QUARTER PAT 23.14 BILLION RUPEES VERSUS PROFIT OF 12.21 BILLION RUPEES LAST YEAR.CONSENSUS FORECAST FOR JUNE QUARTER PROFIT WAS 9.72 BILLION RUPEES.JUNE QUARTER REVENUE FROM OPERATIONS 129.23 BILLION RUPEES VERSUS 135.20 BILLION RUPEES LAST YEAR.JUNE QUARTER EXCEPTIONAL ITEM 13.67 BILLION RUPEES.EXPECTIONAL GAIN FOR QUARTER INCLUDED GAIN ON SALE OF SHARES BY M&M BENEFIT TRUST & GAIN ON BUYBACK BY ASSOCIATE.  Full Article

Mahindra And Mahindra July Total Sales Slump 15%
Thursday, 1 Aug 2019 

Aug 1 (Reuters) - Mahindra and Mahindra Ltd ::JULY AUTO SECTOR OVERALL SALES AT 40,142 VEHICLES VERSUS 47,199 VEHICLES DURING JULY 2018.JULY PASSENGER VEHICLES SEGMENT SALES 16,831 VEHICLES VERSUS 19,781 VEHICLES IN JULY 2018.JULY COMMERCIAL VEHICLES SEGMENT SALES 15,969 VEHICLES VERSUS 19,284 VEHICLES IN JULY 2018.JULY MEDIUM AND HEAVY COMMERCIAL VEHICLES SEGMENT SALES 417 VEHICLES; EXPORTS AT 2,668 VEHICLES.HEADWINDS FACED BY AUTOMOTIVE INDUSTRY CONTINUE DUE TO SUBDUED CONSUMER SENTIMENT, TRIGGERED BY VARIOUS FACTORS.INDUSTRY NEEDS STIMULI TO HELP REVIVE CONSUMER DEMAND AND CONVERSIONS.JULY TOTAL TRACTOR SALES 19,992 UNITS VERSUS 22,679 UNITS LAST YEAR.JULY DOMESTIC TRACTOR SALES 19,174 UNITS VERSUS 21,574 UNITS LAST YEAR.  Full Article

India's Mahindra And Mahindra June Total Sales Fall 6%
Monday, 1 Jul 2019 

July 1 (Reuters) - Mahindra and Mahindra Ltd ::JUNE TOTAL SALES 42,547 UNITS, DOWN 6%.JUNE PASSENGER VEHICLE SALES 18,826 UNITS, UP 4%.JUNE TOTAL DOMESTIC SALES 39,471 UNITS, DOWN 5%.JUNE EXPORTS 3,076 UNITS, DOWN 11%.JUNE DOMESTIC TRACTOR SALES 31,879 UNITS, DOWN 19%.JUNE TOTAL TRACTOR SALES 33,094 UNITS, DOWN 18%.  Full Article

India's Mahindra And Mahindra March Qtr PAT Falls
Wednesday, 29 May 2019 

May 29 (Reuters) - Mahindra and Mahindra Ltd ::MARCH QUARTER PAT 8.49 BILLION RUPEES VERSUS PAT OF 10.59 BILLION RUPEES LAST YEAR.MARCH QUARTER REVENUE FROM OPERATIONS 140.35 BILLION RUPEES VERSUS 133.08 BILLION RUPEES LAST YEAR.MAHINDRA AND MAHINDRA LTD - MARCH QUARTER EXCEPTIONAL ITEM 1.05 BILLION RUPEES.RECOMMENDED FINAL DIVIDEND OF 8.50 RUPEES PER SHARE.  Full Article

India's Mahindra And Mahindra April Total Sales Down 9 Pct
Thursday, 2 May 2019 

May 2 (Reuters) - Mahindra and Mahindra Ltd ::APRIL TOTAL SALES OF 43,721 UNITS VERSUS 48,097 UNITS LAST YEAR.SAYS APRIL PASSENGER VEHICLE SALES OF 19,966 UNITS VERSUS 21,927 UNITS LAST YEAR.SAYS APRIL TOTAL DOMESTIC SALES OF 41,603 UNITS VERSUS 45,217 UNITS LAST YEAR.APRIL EXPORTS OF 2,118 UNITS VERSUS 2,880 UNITS LAST YEAR.SAYS APRIL DOMESTIC TRACTOR SALES OF 27,495 UNITS VERSUS 29,884 UNITS LAST YEAR.SAYS APRIL TOTAL TRACTOR SALES OF 28,552 UNITS VERSUS 30,925 UNITS LAST YEAR.  Full Article

Mahindra & Mahindra Financial Services Approves Share Acquisition Of MRHFL Worth 2.87 Bln Rupees
Wednesday, 27 Mar 2019 

March 27 (Reuters) - MAHINDRA & MAHINDRA FINANCIAL SERVICES::APPROVES BUYING 11.9 MILLION SHARES OF MAHINDRA RURAL HOUSING FINANCE WORTH INR 2.87 BILLION FROM NATIONAL HOUSING BANK.  Full Article

India's Mahindra And Mahindra Dec-qtr PAT Down 11.4 Pct
Friday, 8 Feb 2019 

Feb 8 (Reuters) - Mahindra and Mahindra Ltd ::DEC QUARTER PAT 10.77 BILLION RUPEES VERSUS PAT OF 12.16 BILLION RUPEES LAST YEAR.DEC QUARTER REVENUE FROM OPERATIONS 130.70 BILLION RUPEES VERSUS 115.78 BILLION RUPEES LAST YEAR.CONSENSUS FORECAST FOR DEC QUARTER PROFIT WAS 10.04 BILLION RUPEES.DEC QUARTER EXCEPTIONAL ITEM 800 MILLION RUPEES.  Full Article

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Mahindra and Mahindra's second-quarter profit slips 27% as Indian auto slowdown lingers

BENGALURU Mahindra and Mahindra Ltd on Friday reported a 26.5% drop in quarterly net profit as the company struggled to sell cars, trucks and tractors amid a slowdown in Asia's third-largest economy.