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Healthy growth, valuations point to more gains for Mahindra & Mahindra

Auto segment to drive growth on the back of improving demand, new launches

Mahindra XUV 900
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Mahindra XUV 900

Ram Prasad Sahu Mumbai

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Auto major Mahindra & Mahindra’s (M&M) March quarter performance was a mixed bag with an outperformance on the revenue front while margins saw a slight miss. Revenues for sports utility vehicle (SUV) maker and tractor leader came in at a robust 32 per cent on the back of a 22 per cent jump in volumes while realisations too improved by eight per cent.

Both the key segments of auto and farm equipment posted 29-36 per cent growth in revenues that was largely volume led. In the auto segment, demand momentum on the back of new launches remains strong with 57,000

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