MM / Q3-FY24 / risks

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Mahindra & Mahindra · Material risks, their source context, and severity in the latest available quarter.

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PositiveQ3-FY24 · 2024-02-09Back to quarter ↗

Risk intelligence

Material risks this quarter

Rural demand weakness

Tractor industry down ~5% due to weak rural sentiment; recovery depends on monsoon and government spending.

medium

Red Sea supply chain disruption

Analyst raised concern about 55-60 day delays; management downplayed impact but acknowledged potential cost and export delays.

low

Tech Mahindra turnaround risk

TechM profit down 61%; management acknowledged it as a sore spot and expects recovery but with uncertainty.

high

XUV700 order book decline

Bookings fell as deliveries improved; management sees this as positive but risk of demand softening if perception of long wait persists.

medium