Are M & M latest results good or bad?

Mahindra & Mahindra (M&M) has reported its financial results for the quarter ending March 2025, showcasing a mixed operational performance. The company achieved its highest quarterly net sales at Rs 42,599.31 crore, reflecting a growth of 2.72% compared to the previous quarter. This marks a continuation of consistent growth over the last five quarters. Additionally, the Profit After Tax (PAT) reached Rs 3,295.17 crore, which is also the highest in the last five quarters, indicating a favorable trend in profitability. The Earnings per Share (EPS) stood at Rs 29.52, further highlighting increased earnings for shareholders.
However, the company encountered challenges with its Profit Before Tax (PBT), which experienced a decline of 5.7% compared to the average of the previous four quarters. The operating profit margin, excluding other income, also saw a decrease of 1.27%. While non-operating income rose to Rs 701.73 crore, there are concerns regarding its sustainability moving forward.

Overall, M&M's financial results present a complex picture for the quarter, with notable achievements in sales and profitability alongside some operational challenges. Additionally, the company saw an adjustment in its evaluation over the past three months.