Mumbai, July 20 (IANS) Mahindra Group-owned SML Mahindra Limited on Monday reported a 5.1 per cent year-on-year (YoY) decline in its consolidated net profit to Rs 64 crore for the first quarter of FY27.The company had posted a net profit of Rs 67 crore in the corresponding quarter of the previous financial year (Q1 FY26), according to its stock exchange filing.Revenue from operations rose 13.2 per cent year-on-year to Rs 957 crore in the April-June quarter from Rs 846 crore a year ago, it added …
Latest Mahindra Group News & Updates
New Delhi, July 6 (IANS) India is uniquely positioned to emerge as a trusted connector economy that links global markets, supply chains and geopolitical blocs in an increasingly fragmented world, Mahindra Group Chairman Anand Mahindra said in his letter to shareholders on Monday. He said the country’s strengths place it at the centre of the evolving global economic order, while outlining the Group’s vision for long-term growth amid rising global uncertainty.”India’s economic strengths, strategic…
New Delhi, June 11 (IANS) Brazilian plane manufacturer Embraer sees a major opportunity in setting up a base in India for its smaller jets as the company tries to position itself as an alternative to aerospace giants Airbus and Boeing, with airlines looking to cut soaring fuel costs and increasing delays in delivery of aircraft from the world’s Big-2 plane makers, according to a report. “The company is now placing particular focus on India and the Gulf, two markets where it sees major growth o…
New Delhi, April 18 (IANS) India Inc is exploring investment opportunities in South Africa’s Dube TradePort Special Economic Zone (SEZ), as New Delhi looks to strengthen its economic engagement with a key logistics and manufacturing hub in Africa, according to a new report.According to a report in South Africa-based IOL, the Dube TradePort SEZ stands out as South Africa’s only SEZ integrated with an international airport, King Shaka International Airport, offering a strong advantage for expo…
New Delhi, Feb 3 (IANS) Leading industrialists have welcomed the historic India-US trade deal, saying that the reduced 18 per cent tariffs will help strengthen the strategic and economic ties between the two great countries.Anand Mahindra, Chairman of Mahindra Group, wrote in a post on X, “More evidence of the benefits of ‘Making haste slowly.’”“When the noise subsides, two natural partners will come together,” he posted.Kumar Mangalam Birla, Chairman of Aditya Birla Group, applauded…
Mumbai, Jan 11 (IANS) Mahindra Racing, the only Indian team competing in the ABB FIA Formula E World Championship, secured a podium finish at the Mexico City E-Prix, as Edoardo Mortara clinched second place in Round 2 of the season. Mortara’s performance showcased both driver precision and the growing competitiveness of Mahindra’s GEN3 Evo package.Mortara finished Nick Cassidy of New Zealand, who was representing Citroen Racing, while Great Britain’s Oliver Rowland of Nissan Formula E Team f…