The Q4FY24 revenue and operating profit came in at ₹4,230 crore and ₹560 crore, respectively, while the adjusted net profit (also ₹560 crore) was boosted by low taxes and high other income. A weak tractor demand dented growth, even as revenue, operating profit, and adjusted net profit rose 4 per cent, 7 per cent and 42 per cent year-on-year (Y-O-Y). The FY24 revenue, operating profit, and adjusted net profit grew 13 per cent, 21 per cent, and 25 per cent respectively Y-o-Y. The mobility segment grew 2.7 per cent Y-o-Y in Q4FY24, due to 9.4 per cent growth in the aftermarket division and 17.6 per cent growth in two-wheelers.
Power segment remained relatively flat. Consumer goods and building technologies grew 16 per cent and 17 per cent Y-o-Y respectively.
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