Anish Shah
CEO and Managing Director, Mahindra & Mahindra
Notable Quotes
The economy is accelerating. We continue to believe that the industry will accelerate. I've gone on record saying, we would look at an 8%-10% growth over the next 20 years.
Consolidated profit after tax is up 24 and ROE is north of 20% for the first time, 20.6%.
This is one quarter where we've seen all our businesses come together.
Services businesses have contributed more to M&M's profits than a tractor business has in this quarter.
We have a quarter again with a strong operating performance, which is a common theme. We hope to keep it that way.
We are still at 5%, but the arrow looks upward.
Our capital allocation discipline has not changed. In fact, it's become even stronger.
We will not invest auto and farm cash flow into services.
The worst quarter ever for Tech Mahindra... it will take time. It's not going to show results immediately.