M&M reported Q3 Results on February 10, 2023. The company reported a PAT jumped 14% to 1,528 crores, revenue of 41% and EBITDA jumps of 56% YoY.

M&M reported Revenue from operations was up 41% at Rs 21,654 crore from Rs 15,349 crore during the quarter ending December.

M&M reported EBITDA was up 56% at Rs 2,814 crore in Q3FY23 from Rs 1,803 crore YoY. 

M&M reported the margin was up 130 bps at 13% in Q3FY23 against 11.7 percent YoY.

M&M reported PAT jumped 14% to Rs 1,528 crore for the December quarter. It was 1,335 crores in the last year period.

M&M stated that it maintains the leading position in the SUV revenue market share at 20.6% in the third quarter. 

The company has sold 1.76 lakh vehicles in the December quarter, 45% higher than the corresponding period last year.

The company reported tractor sales also went up by 14% YoY during Q3 FY 2023. 

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