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A Mahindra Group-backed commercial vehicle company reported a marginal rise in profit for the March quarter and announced a dividend for shareholders along with its quarterly results. The company also shared its performance update, including revenue growth, volumes, and full-year earnings, along with the record date for the dividend payment.

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Rs 23.5 Dividend Alert: Auto stock declares cash payout with Q4 results — Check record date

Mahindra &amp; Mahindra’s standalone revenue from operations jumped 31% to 22,571.37 crore in Q4FY23 from Rs 17,237.76 crore in the same period a year ago. The auto-maker has also announced a dividend payout of Rs 16.25 per equity share of the face value of Rs 5 each.

Mahindra & Mahindra Q4 Results: Standalone net profit rises 22.1% to Rs 1,549 crore; 325% dividend announced

Why M&amp;M share is in focus? What is the brokerage opinion on M&amp;M? What are the future triggers for M&amp;M? Know full details from Ashish Chaturvedi.

Why Mahindra & Mahindra Share Is In Focus? What Are Future Triggers For M&M?