M&M + MVML Q1 PAT up 4.3%

The Board of Directors of Mahindra and Mahindra Limited today announced the unaudited financial results for the quarter ended 30^th June 2014 of the company and the consolidated Mahindra Group.

Mumbai, 8^th August 2014:  The Board of Directors of Mahindra and Mahindra Limited today announced the unaudited financial results for the quarter ended 30^th June 2014 of the company and the consolidated Mahindra Group.

Mahindra Vehicle Manufacturers Limited (MVML), located at Chakan near Pune, was set up as a 100% subsidiary of the company with a view to sourcing contemporary products for expanding the market offerings of the company. Hence, it is a critical part of its business and only the combined results of the company and MVML can provide a comprehensive view of the company’s performance.
Q1 F2015 – M&M + MVML Results
In Q4 F2014, under a scheme of arrangement, the truck business of M&M’s subsidiary, Mahindra Trucks and Buses Limited (MTBL) demerged from the subsidiary and merged with M&M.
On a comparable basis, the Gross Revenues and Other Income of Mahindra & Mahindra Limited and MVML (Entity) during the quarter ended 30^th June 2014 was Rs. 10823.3 crore as against Rs. 10942.7 crore in Q1 of the previous year. The Net Profit before tax for the current quarter is Rs. 1202.1 crore as against Rs.1138.6 crore in Q1 of the previous year. After providing for tax, the same is Rs. 896.4 crore as against Rs. 859.8 crore in Q1 of the previous year – a growth of 4.3%. The operating margin of the Entity for the current quarter is 14.3% as compared to 13.8% in Q1 of the previous year.
The automotive industry in India is currently facing very challenging times. In the current quarter, in spite of the stiff competition, the Entity sold 52180 utility vehicles and continued its leadership position with a market share of 40.5%. The Entity also exported 6565 Vehicles in the current quarter.
Crop damage due to unseasonal rains in some parts of India in March coupled with deficient monsoon in June led to marginal degrowth of 1.2% in the domestic tractor industry in Q1 F2015. In this period, the Entity sold 72166 tractors in the domestic market as compared to 71696  tractors sold in Q1 previous year. The market share of the entity in the quarter was 42.2% as against 41.4% in Q1 of the previous year. The Entity exported 2587  tractors in the current quarter.
Q1 F2015 – M&M Standalone results
The Gross Revenues and Other Income of Mahindra & Mahindra Ltd. for the quarter ended 30^th June 2014 is Rs. 10952.4 crore as against Rs. 10887.8 crore during the corresponding period last year. The Net Profit after tax for the quarter is Rs. 881.8 crore for the current quarter as against Rs. 937.9 crore in the corresponding period last year.
On a comparable basis, the Gross Revenues and Other Income is Rs. 10952.4 crore as against Rs. 11127.5 crore in Q1 of the previous year. The Net Profit after tax for the current quarter is Rs. 881.8 crore as against Rs. 888.0 crore in Q1 of the previous year.
Q1 F2015 – Group Consolidated Results
The consolidated Gross Revenues and Other Income of the Group for the Quarter ended 30^th June 2014 grew by  2.9% to Rs. 19919.9 crore (USD 3.3 billion) from Rs.19356.0 crore (USD 3.2 billion) in Q1 of the previous year. The consolidated profit after tax after minority interest for the current quarter is Rs. 961.8 crore (USD 157.2 million) as compared to Rs. 968.3 crore (USD 158.2 million) in Q1 of the previous year.
The Group as on 30^th June 2014 comprised of 118 Subsidiaries, 7 Joint Ventures and 14 Associates. A full summation of Gross Revenues and other income of all the group companies taken together for the quarter ended 30^th June 2014 is Rs. 25789.7 crore (USD 4.2 billion).
Outlook:
The economy has been displaying some positive indicators in recent months. Economic activity, led by manufacturing, seems to be reviving as indicated by IIP (Index of Industrial Production) data for April and May 2014. This is confirmed by the pick up in non-oil and gold imports in June 2014. With exports returning to double digit growth, the country’s trade balance remained well under control in the first quarter of the current fiscal. Led by prudent monetary and fiscal management, inflationary pressures continued to moderate.
If the  South West monsoon continues to be weak, it would impact both inflation and consumer demand negatively in the near term. However, there are current indications that the monsoon might be reviving. Possible further escalation of current geo political conflicts could also have an adverse impact. Our outlook on the economy in the short term remains cautious at this point of time.

Mahindra to Debut Airvan 8 Floats at EAA AirVenture Airshow

Mahindra Aerospace, a part of India’s Mahindra Group, has recently added Wipline 3450 amphibious floats to its Airvan 8 utility aircraft. Wipaire Inc. has begun feasibility testing on the aircraft with floats, and upon a successful outcome, a certification program will be launched later in 2014.

Oshkosh, Wis. 28 July 2014 – Mahindra Aerospace, a part of India’s Mahindra Group, has recently added Wipline 3450 amphibious floats to its Airvan 8 utility aircraft. Wipaire Inc. has begun feasibility testing on the aircraft with floats, and upon a successful outcome, a certification program will be launched later in 2014.
The Airvan 8 is known for its short takeoff and landing abilities and adding the amphibious floats increases the rugged aircraft’s versatility and appeal to operators in North America, especially in remote areas such as Alaska and Canada.
“We saw significant potential in adding floats to the Airvan 8 which has proved its utility across the globe, and in particular, the United States.” said Arvind Mehra, Executive Director and Global CEO of Mahindra Aerospace. “This addition answers a long pending request of our customers and by increasing the versatility of the Airvan 8, we can expand into previously unreachable territories.”The addition of floats to the Airvan 8 reinforces Mahindra’s position of manufacturing the most rugged, durable and versatile utility aircraft in the world. To learn more about the Airvan 8 contact: +1 855 424 7826 or sales@mahindraaerospace.com
Digital image of Airvan 8 on floats: https://www.dropbox.com/s/zvfdw0wjmxijuu8/Airvan%208%20Floats.JPG

About Mahindra Aerospace
Mahindra Aerospace led the Mahindra Group’s foray into utility aircraft and aerostructure manufacturing. Its utility aircraft business, based in Australia, currently produces the Airvan 8, the most capable, rugged and versatile utility aircraft in its class. Certified in 38 countries, over 200 are in service. Mahindra Aerospace is currently developing a 10-seat turboprop, the Airvan 10, which is on schedule for certification in 2014. The company also has a unique partnering agreement with India’s National Aerospace Laboratories to co-develop the 5-seat, low wing C-NM5.

The aerostructure manufacturing businesses of Mahindra Aerospace are based in India and Australia. Most recently, the company inaugurated its 25,000 sq. m (250,000 sq. ft.) state-of-the-art, AS9100C-certified facility near Bangalore, India, which is equipped with a suite of sheet-metal, surface-treatment and assembly capabilities to meet the stringent requirements of the global aerospace industry.
The Morwell, Australia based Aerostaff is an established supplier of close tolerance high precision sheet metal and value-added products to aerospace and defense customers across the globe.
To know more about Mahindra Aerospace, please contact:
Shanti Lakhan
Marketing Manager
Mahindra Aerospace
Phone: +1 218 576 9022
Email: slakhan@gippsaero.com
mahindraaerospace.com
About Mahindra
The Mahindra Group focuses on enabling people to rise through solutions that power mobility, drive rural prosperity, enhance urban lifestyles and increase business efficiency.

A USD 16.5 billion multinational group based in Mumbai, India, Mahindra employs more than 180,000 people in over 100 countries. Mahindra operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, information technology, financial services  and vacation ownership. In addition, Mahindra enjoys a strong presence in the agribusiness, aerospace, components, consulting services, defence, energy, industrial equipment, logistics, real estate, retail, steel, commercial vehicles and two wheeler industries.

In 2014, Mahindra featured on the Forbes Global 2000, a comprehensive listing of the world’s largest, most powerful public companies, as measured by revenue, profit, assets and market value. The Mahindra Group also received the Financial Times ‘Boldness in Business’ Award in the ‘Emerging Markets’ category in 2013.

Visit us at www.mahindra.com

Mahindra

Who We Are

• Our Brand

  Mahindra builds three things: products, services, and possibilities.
  

Since 1945, we’ve built our company around the core idea that people will succeed if they are just given the opportunity. Employees across the Group constantly challenge conventional thinking to create solutions that make a significant difference in the lives of our customers.  That’s why everything we build—be it a tractor, financial service, solar-powered lamp, or software—is designed to empower you to reach your potential.  

Internally, we follow three basic tenets—accepting no limits, thinking alternatively, and driving positive change in everything we do.  These brand pillars guide all our actions and business decisions from deciding whether or not to enter a new field or planning a portfolio of services.

We hope you’ll take what we do and make it your own.

Mahindra News

Mahindra Partners' Parag Shah transformed from an entrepreneur to an intrapreneur

ET Bureau May 2, 2014, 08.00AM IST

Tags:

• settlement option|
• Insurability

• 

(My management mantra has…)

Position: Managing Partner, Mahindra Partners
Education: Bachelor's,Illinois Institute of Technology; MBA, Harvard Business School
Previous Jobs: Managing Director, Systems Marketing
Claim to Fame: Has successfully led investments across 11 companies
Management mantra: Always hire people smarter than you and empower them.
Biggest career challenge: Decision to transition from an entrepreneur to an intrapreneur.

Can The Next World Changing Idea Come from India

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MAHINDRA BUILDS THREE THINGS: PRODUCTS, SERVICES, AND POSSIBILITIES.

MAHINDRA BUILDS THREE THINGS: PRODUCTS, SERVICES, AND POSSIBILITIES.

We are many companies united by a common purpose—to enable people to Rise. We operate in the key industries that drive economic growth, enjoying a leadership position in utility vehicles, information technology, tractors, and vacation ownership. We have a growing presence in the automotive industry, aerospace, aftermarket, components, consulting services, defense, energy, financial services, logistics, real estate, retail, and two wheelers.  A US $16.5 billion multinational group based in Mumbai, India, we are more than 180,000 people in over 100 countries.

Maxximo Plus

The Maxximo Plus is the most technologically advanced mini-truck on Indian roads. When we designed the Maxximo, we thought ways to maximize the quantity of goods you can transport in a single trip.

Its large loading area (35 sq. ft.) offers the greatest-in-class payload of 850 kg. It can travel at up to 70 kmph, permitting you to make more trips faster. And its advanced engine gives you more power with less noise and vibration. But this performance doesn’t come at the cost of economy. Equipped with pioneering Fuel Smart technology, the Maxximo Plus allows you to choose between higher power and higher mileage, at the press of a switch.

This gives the Maxximo Plus the dual advantage of having the highest power in its class (26HP, 19.2 kW), as well as the highest mileage in its class (21.9 km/litre). Coupled with a maintenance cost that is 21% lower than other ordinary mini-trucks, this makes the Maxximo Plus a workhorse that’s uniquely suited to Indian conditions.

We know you spend long hours in your truck and we take your comfort just as seriously as we take the performance of our vehicles. We developed a 35 square foot cabin that’s longer, taller, and wider than all the other vehicles in its class. Our booster technology magnifies the braking pressure so you can decelerate faster with less effort, decreasing driver fatigue. Interested in learning more? Visit our website today!