Tractors' market share stands at 41%: M&M

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Tractors' market share stands at 41%: M&M

Mahindra and Mahindra (M&M) has come out with first quarter numbers. It has reported consolidated net profit of Rs 299.6 crore for first quarter compared to Rs 290 crore in corresponding quarter of previous year.

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Mahindra and Mahindra (M&M) has come out with first quarter numbers. It has reported consolidated net profit of Rs 299.6 crore for first quarter compared to Rs 290 crore in corresponding quarter of previous year.

Key takeaways from Mahindra and Mahindra concall

• Tractors prices have increased in June by Rs 4000-5000 crore
• Auto segment also witnessed price increase of 1%, Rs 5000-6000 on an average basis, depending on models
• Interest income drop as surplus funds have used for organic as well as inorganic growth
• Total debt equity ratio stands at 0.65
• Market share of tractors segment - 33% in domestic and inclusive of Punjab Tractors at 41%
• Punjab Tractors accounts will consolidated with M&M from September onwards
• Production capacity for tractors at Rudrapur stands at 30000 units

For further information, listen to concall......