MAHINDRA AND MAHINDRA - FY10 - EXCELLENT RESULTS

Mahindra and Mahindra

FY10 VS FY09

RESULTS COMPARISON

CONSOLIDATED

RESULTS

Mahindra and Mahindra has produced another set of excellent results from the Auto Makers stable – after Maruti, TATA Motors and Bajaj.

Net Sales   have improved by 18.04% in FY10 to Rs,31172 Crores from Rs.26408 crores of FY 09.

Total Expenditure has also increased, but less than proportionately by c12.96% to Rs.26928 Crores from Rs.23839 crores in FY 09.

Consolidated Net Profit has jumped superbly by 76.36% to Rs.2479 Cr, from Rs.1405 Cr YOY.

Basic EPS has actually increased to Rs.45.08 on current year’s Face value of Rs.5 from Last year’s Rs.51.57 on a face value of Rs.10.

It is indeed an excellent performance in FY10.

M & M _consolid	FY10(lakhs)	FY09(lakhs)	Diff%Age
Net Sales	3117235	2640826	18.04
Other Oprtg Income	39619	34809	13.82
SIT & WIP	2550	18025	-85.85
Raw Materials	1415994	1196026	18.39
Traded goods	108247	92328	17.24
Employees Cost	458255	427486	7.2
Depreciation	87352	74933	16.57
Other Expenditure	620443	575116	7.88
Total Expenditure	2692841	2383914	12.96
Other Income	11943	16346	-26.94
Interest	97983	75016	30.62
Exceptional items	-25023	7639	-427.57
Tax Expense	115420	54217	112.89
Extraordinary Items	427	636	-32.86
Net Profit	287149	170559	68.36
Minority Interest	41256	31145	32.46
Shares of Associates	-1963	-1127	74.18
Consolidated Net Profit	247856	140541	76.36
Dividend (%)	-	-
Face Value (in Rs.)	5	10	-50
Paid-up Equity	28295	27262	3.79
Reserves	989365	675775	46.4
Basic EPS( Rs.)	45.08	51.57	-12.58
Diluted EPS(Rs.)	42.17	48.27	-12.64

NON-CONSOLIDATED

Net Sales on a stand alone basis has improved to by 42.1 percent YOY to Rs.18452 crores from Rs.12985 crores of last year.

Total Expenditure has increased less than proportionately by 30.3% to Rs.16018 Crores from Rs.12293 Crores YOY.

Net Profit has risen by a whopping 140.66% YOY to Rs.2088 Crores from last year’s Rs.868 Crores.

Basic EPS has risen to Rs.37.97 on current year’s face value of Rs.5/- from Rs.30.7 on  last year’s face value of Rs.10/-.

Dividend has been enhanced to 190% from last year’s 100%.

M&M NON CONSOLID.	FY10(lakhs)	FY09(lakhs)	Diff%Age
Net Sales	1845202	1298525	42.1
Other Oprtg Income	15009	10843	38.42
SIT % WIP	-2369	15629	-115.16
Raw Materials	1169556	877179	33.33
Traded goods	66105	34615	90.97
Employees Cost	119847	102461	16.97
Depreciation	37078	29151	27.19
Other Expenditure	211548	170221	24.28
Total Expenditure	1601765	1229256	30.3
Other Income	19935	27034	-26.26
Interest	2781	4526	-38.56
Exceptional items	-9075	-1027	783.64
Tax Expense	75900	19969	280.09
Extraordinary Items	-	-3073
Net Profit	208775	86751	140.66
Dividend (%)	190	100	90
Face Value (in Rs.)	5	10	-50
Paid-up Equity	28295	27262	3.79
Reserves	753215	497737	51.33
Basic EPS(Rs.)	37.97	30.7	23.68
Diluted EPS(Rs.)	35.61	28.98	22.88

QUATERLY RESULTS

The quarterly results reflect increasing trend of Net sales through out the 4 quarters of FY 10. EPS also reflects healthy growth in FY10 in all quarters.

M&M QTRLY	Mar-10	9-Dec	9-Sep	9-Jun	Mar-10
Net Sales	527886	447870	446500	422946	361918
Total Expdr	455379	392597	381578	372211	318640
Net Profit	57026	41370	70294	40085	41807
Dividend (%)	190	-	-	-	100
Face Value	5	10	10	10	10
PaidUp Equity	28295	27356	27336	27298	27262
Reserves	-	-	-	-	-
Basic EPS	10.17	15.12	25.73	14.7	15.34
Diluted EPS	9.57	14.21	24.01	13.85	10.81

ANNOUNCEMENTS

TO THE EXCHANGE

29-05-2010        Mahindra & Mahindra Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on May 29, 2010 have recommended a Dividend of Rs. 8.75 (175%) per Ordinary (Equity) Share and also a Special Dividend of Rs. 0.75 (15%) per Ordinary (Equity) Share aggregating Rs. 9.50 (190%) per Ordinary (Equity) Share of the face value of Rs. 5 each. The Special Dividend is being recommended in the light of the very successful listing of Mahindra Holidays & Resort India Limited Equity Shares on the Stock Exchange.         -

29-05-2010        Mahindra & Mahindra Limited has informed the Exchange regarding the standalone Results for the quarter ended on 31-MAR-2010 as follows: Net Sales of Rs. 527886 lacs for quarter ending on 31-MAR-2010 against Rs. 361918 lacs for the quarter ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 57026 lacs for the quarter ending on 31-MAR-2010 against Rs. 41807 lacs for the quarter ending on 31-MAR-2009.      -

29-05-2010        Mahindra & Mahindra Limited has informed the Exchange regarding the consolidated Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 3117235 lacs for year ending on 31-MAR-2010 against Rs. 2640826 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 247856 lacs for the year ending on 31-MAR-2010 against Rs. 140541 lacs for the year ending on 31-MAR-2009.     -

29-05-2010        Mahindra & Mahindra Limited has informed the Exchange regarding the standalone Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 1845202 lacs for year ending on 31-MAR-2010 against Rs. 1298525 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 208775 lacs for the year ending on 31-MAR-2010 against Rs. 86751 lacs for the year ending on 31-MAR-2009.       -

26-05-2010        Mahindra & Mahindra Limited has informed the Exchange regarding a press release dated May 26, 2010, titled "Mahindra enters high growth electric car segment; acquires majority stake in REVA".

16-04-2010        Mahindra & Mahindra Ltd. has informed the Exchange regarding a press release dated April 16, 2010, titled " M&M and Renault announce restructuring of their JV Mahindra Renault Pvt. Ltd. (MRPL)". A copy of the press release shall be available on the NSE website http://www.nseindia.com) under: Corporates > Latest announcements and on the Extranet Server (/Common/Corporate Announcements).

31-03-2010        Mahindra & Mahindra Ltd. has informed the Exchange that the Board of Director of the Company at its Meeting held on March 30, 2010 have approved a Scheme of Arrangement between Mahindra Shubhlabh Services Limited, a subsidiary ("MSSL") and Mahindra & Mahindra Limited ("the Company") and their respective Shareholders and Creditors which inter alia envisages demerger of the Agri Inputs Business along with other common assets and liabilities ("Non Fruit business") of MSSL into the Company and other consequential matters under the provisions of Sections 391 to 394 of the Companies Act, 1956. The Company directly or indirectly, holds about 83.05% of the Equity Share Capital of MSSL. The Scheme is subject to the consent of the requisite majority as the case may be of the Shareholders and/or Creditors of the Company and MSSL as may be directed and sanction of the Scheme by the Honourable High Court of Judicature at Bombay. The salient features of the proposed Scheme shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).