Mahindra & Mahindra Ltd’s (M&M) investors have had a good journey last year despite the covid-19 pandemic. For the same period, investment guidance stands at around ₹5,000 crore, including ₹3,500 crore for group companies. While revenue (M&M plus manufacturing unit Mahindra Vehicle Manufacturers Ltd) rose by 48% year-on-year, it declined by 5% sequentially to ₹13,338 crore. For FY21, M&M’s revenue remained flattish, which is decent. Even so, given the challenging business environment, investors would have to brace for some near-term pressure on revenue.

Source: Mint May 30, 2021 16:41 UTC