On Monday, Mahindra & Mahindra shared rallied trade up to 6 percent and was also the top Sensex performer on March quarter.
The auto major posted a 22 percent year-on-year (YoY) rise in standalone net profit to Rs 1,549 crore, while revenue jumped 31 percent.
Also the management expects to further gain market share helped by a new lightweight tractor launch. It also noted that commodity costs have softened and should support margins, but noted that semiconductor shortage continues to impact volumes.
