Mahindra & Mahindra fell 3.01% to Rs 767.35 at 15:12 IST on BSE after the company announced Q2 results during trading hours today, 14 November 2018.

On the BSE, 1.68 lakh shares were traded in the counter so far compared with average daily volumes of 1.06 lakh shares in the past two weeks. The stock had hit a high of Rs 797.85 and a low of Rs 765.60 so far during the day.

Mahindra & Mahindra (M&M) combined profit from ordinary activities after tax (after El) rose 26% to Rs 1779 crore in Q2 September 2018 over Q2 September 2017. Combined revenues and other income rose 8% to Rs 13638 crore in Q2 September 2018 over Q2 September 2017. Combined operating profit margin (OPM) was reported at 14.5% in Q2 September 2018, lower than 16% in Q2 September 2017.

The results for M&M include the combined results of Mahindra and Mahindra (M&M) and Mahindra Vehicle Manufacturers (MVML), which is a manufacturing unit of M&M.

In its outlook M&M said that going forward, growth will be a function of evolving liquidity conditions as well as private and government spending. Among global factors, crude oil price behaviour and US-China trade policy manoeuvring will be the key factors to watchout for.

M&M enjoys a leadership position in utility vehicles, and is the world's largest tractor company, by volume.

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