Mahindra & Mahindra Ltd ., the manufacturer and distributor of passenger and commercial vehicles and tractors, reported its September quarter earnings on Tuesday, November 4, which were a beat on analyst expectations on most parameters.

M&M's consolidated revenue for the quarter rose by 21.3% from last year to ₹33,422 crore, which was lower than the CNBC-TV18 poll of ₹34,294 crore.

Net profit for the quarter stood at ₹4,521 crore, which was higher than the CNBC-TV18 poll of ₹4,044 crore. On a year-on-year basis, net profit went up by 18%.

Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA), increased by 23% from last year to ₹4,862 crore. A CNBC-TV18 poll was working with a estimate of ₹4,759 crore.

EBITDA margin for the second quarter stood at 14.5% from 14.3% last

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