Mahindra & Mahindra reported a 7% rise in Q1 profit, driven by robust demand for high-margin SUVs and strong performance in its farm equipment business.

Profit growth is seen capped at 2.3% as higher input costs, richer EV mix and continued investments weigh on profitability, with Street estimates pointing to a 150-200 bps…

Mahindra and Mahindra (M&M) on Thursday reported 7% year-on-year (YoY) growth in its standalone net profit at Rs 3,685 crore.

Mahindra & Mahindra reported Q1 profit of ₹3,685 crore, with revenue rising 23% on strong SUV demand and robust tractor sales despite higher costs.