Mahindra & Mahindra

“For SUVs, Mahindra outlook, mid to high teens, we maintain that.”

“We are also fully on track for Nagpur project. We've acquired the first phase of land that we needed to get going.”

“And you are all aware, we will continue to look at opportunities to deploy this and the capacity enhancement in auto as well as farm is going to be a big part of it.”

“We also have bought land for a supplier park to help our suppliers come in and expand rapidly as well.”

“We don't see a compelling reason to make ourselves.”

“I put it out in the media that we're currently scouting for locations and discussing with multiple states on what is the best option”

“We have a capacity of pickups Plus Supro of about 30,000 and that's the level at which we are operating right now.”

“By Feb-March, we would have added the additional NU_IQ related capacity of approximately 8,000 in Chakan and another 4,000 of EV capacity taking totally EV to 12.”

“The NU_IQ, we already told that one of the product is coming and that will have 10,000 volume per month added. So, the 68 will go to 84 with another 4,000 coming from electric.”

“We have not been able to fully leverage the opportunity because we had a capacity constraint at 8,000.”

“And you can see a very large portion of the quarter numbers now are all electric, that 45,000 blue represents that. And we are taking multiple actions to increase capacity here as well.”

“Our most recent win has been what we announced, I think one and a half months back, which was a very large package we won from Airbus, where we have now gone into the mainstream skin fuselage for our section for the tail of the largest family of aircraft, which Airbus makes, which is the A320neo family”

“So, what we will be supplying, we will be the single source of supply the fuselage for all the assembly lines of Airbus for these helicopters.”

“Order book is robust. The longest order book by way of waiting period is 9S as, Velu said, 7XO, both of these are on the longest waiting period.”

“where we have now gone into the mainstream skin fuselage for our section for the tail of the largest family of aircraft, which Airbus makes, which is the A320neo family, which is a very long term contract because this is the aircraft where the order book is right now around 10 to 12 years waiting period with Airbus.”

“So, we are not just winning orders, but we are moving up the value chain from retail parts to assembly, and now to full fuselages.”

“Mahindra Finance up 61%, following the previous quarter where it was up 55% as well.”

“Auto up 55%, SUV volume, demand continuing to be strong, PLI plays a role in this number also and offset by commodity inflation.”

“Farm down 9%, but given everything that's happened in this industry, we'll take this number.”

“We have Accelo up 70% as well, and their steel prices have had some role to play for Accelo's growth.”

“Tech M on track with the plan that we've outlined, and that's driving good growth and profits up 33%.”

“industry where domestic growth may be single digits, possibly high single digits, longer term, we can drive much higher growth than that.”

“It's a full year instead of 5, we're reducing it to flattish.”

“Physical stocks of everything at dealers are at very, very low levels.”

“LCVs, we are increasing it slightly to double digit for the industry, based on the fact that first half has been better than what we thought it would be.”

“From a powertrain mix point of view, there has been a definitive shift from petrol to CNG and EVs across all categories.”

“We have increased prices in Auto by 5%, in Farm by 4%.”

“As you look at Q3, we do see some marginal upticks possibly on steel and possibly on rubber, but we do see precious metals coming down.”

“you can see we've improved from 8.9 to 9.8 and consolidated as well from 7.7 to 8.8.”

“Steel is up 17% year-over-year, copper is up 42%, rubber is up 40% and I can just go on.”

“but about 45% of our portfolio, at least 40% is less than 4 metre because all Boleros, all Thars, 3-door and 3XO are all part of their weighted margin.”

“But I think what is impressive is, despite a record dividend payout, we grew our cash balance through the first half.”

“we will continue to look for one new opportunity. We will go into it only if we feel that we have a strong right to win, it has meaningful potential for scale, we can generate returns that are outsized compared to others, and we can execute that very well.”

“Sampo, we had said we were exiting, that's complete. Erkunt Foundry is complete. And the Mitsubishi Mahindra Ag Machinery in Japan is also in final stages. By Quarter 4 of the fiscal year we should be done with the closure of that as well.”

“The 3 subsidiaries that we have, there is stress on that from an industry standpoint. They are strategic markets, so there is no intention to exit.”

“It will be a white number plate launch as many of you would have picked up. So, it will go in the personal segment, will be positioned as an SUV offering, not as a CV, even in India.”

“So, the first of the NU_IQ, all new product on INGLO, the Lifestyler, one significant refresh and one LCV. So, we have a lot of excitement in store. It will all happen. All of this will happen before June of 2027.”

“Amit is our new CEO for Mahindra Aerostructures Limited.”

“What you also see is we did not have any monetization this quarter, but we did last year, and therefore there is some takeaway in a sense from investments,”

“So, next quarter, you might recall, the exit costs that we booked between 3Q and 4Q last year were quite substantial. And so, we will not have a repeat of that.”

“but there is stress as you're seeing in the US minus 15, Brazil minus 18 and in Turkey minus 36.”

“As you can see, you know, it's 90% of LPA then and it's now 87%. Two states are in bad drought.”

“The draft content has come, our team is studying it. We don't expect a major impact on to the products.”

“The reservoir level is also not at a good level. So, while Kharif sowing acreage is not so bad. The expected yield is expected not to be so good.”

“Maharashtra, of course, had subsidy last year, but on top of that subsidy going away, there is a very bad drought in Maharashtra.”

“Starting with consolidated results, revenue at ₹57,553 crores, up 25%. Profit after tax, ₹4,588 crore, 25% as well.”

“Also, an important number on the bottom right-hand side of the screen, which is year-to-date profits up 29%.”

“you see a 34% compounded annual growth for EPS, RoE we are at 21%.”

“But as we start ramping up that and target to get to 250 charging stations by the end of next year, we'll see a substantial change on how this map looks.”

“The battery and the battery pack is already localized, Yogesh. So, it's only the question of the cells.”