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M&M Q2 Results: Profit Rises 13%, Tops Estimates; Margin Contracts Amid Higher Commodity Costs

NDTV Profit ·First reported
NDTV ProfitM&M Q2 Results: Profit Rises 13%, Tops Estimates; Margin Contracts Amid Higher Commodity Costs
Image: NDTV Profit

M&M's automotive business drove revenue growth with a 36% increase, while farm equipment revenue rose just 1%. Higher commodity costs dragged Ebitda margin down 280 basis points to 11.6%.

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