India’s prime SUV and tractor maker, Mahindra & Mahindra (M&M) has reported a steeper than anticipated decline in its Q1 FY21 revenue. The corporate has registered a 97 % year-on-year decline in revenue due to the lockdown induced attributable to COVID-19 hit volumes.
Revenue, together with Mahindra Automobile Producers, which is a 100 % subsidiary of the corporate, stood at Rs 67.eight crore in opposition to Rs 2,259 crore in the identical interval final yr.
This is three level evaluation of its earnings and the outlook going ahead for the corporate.
First Revealed on Aug 7, 2020 10:49 pm