Sensex Ends 215 Points Lower; Cipla And Shree Cement Among Top Nifty Losers

The company's net profit after adjusting for exceptional items was Rs 8.6 bn in the first quarter of the year 2022 against Rs 680 m in the previous fiscal.

Revenue rose by 110% to Rs 117.6 bn from Rs 55.9 bn reported in the last year.

Earnings before interest, taxes, depreciation, and amortization (EBITDA) increased by 185% to Rs 16.3 bn in the first quarter from Rs 5.7 bn reported in the same period last year.

Total vehicles sold aggregated to 85,858 units during the April - June quarter, up by 190% from 29,619 units sold in the same period last year.

Total tractors sold rose by 52% to 99,127 units from 65,195 units.

Its operating margin was at 13.9% despite Covid challenges and commodity price increases.

The company continued to focus on cost optimization and operating leverage helped maintain margins.

M&M's farm equipment sector (FES) delivered its highest ever first quarter profit before interest and taxes (PBIT) of Rs 10.8 bn in quarter one of the year 2022.

It recorded revenue of Rs 53.2 bn during the quarter. FES international subsidiaries record fourth successive quarter of PBIT.

The tractor industry witnessed strong demand growth (39%) during the quarter. The growth in company's volume (48%) led to highest domestic market share in 8 quarters (41.8%)

M&M's auto business continues to witness strong booking pipeline and its market share has increased compared to March 2021 quarter.

Mahindra & Mahindra share price ended the day down by 0.6% on the BSE.

Speaking of stocks, here's a pattern that if you see, you must sell your position. After all, exits are more important than entries.

In the chart below, we can see the head and shoulder pattern - the stock goes up, makes a high, falls a little bit, goes up to a higher high, does not make a higher low, rallies again, fails to make a new high, and then starts to break down.

This usually happens in a situation where a stock or index has typically been in a bull trend for a while. Spotting this correctly can help you save money.

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Disclosure: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research ...

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