Total revenue for Mahindra‘s fiscal year 2020 was reported at $6.8 billion, down 15.2% from $8.1 billion in fiscal year 2019. Total farm equipment revenue for the year came in at $2.3 billion, an 8.7% decline from the $2.5 billion reported in fiscal year 2019.
Mahindra reported an operating profit of $388.7 million, down 64.5% from $1.1 billion in the previous fiscal year. The company reported a total loss of $48.3 million, compared to a profit of $904.4 million in fiscal year 2019.
Equipment Sales
Mahindra’s Farm Equipment Sector recorded total sales of 301,915 tractors (domestic + export) in fiscal year 2020 against 330,436 tractors sold in the previous year, registering a decline of 8.6%. This includes 2,988 tractors sold under the Trakstar brand, which is the third brand of Mahindra under the subsidiary Gromax Agri Equipment Ltd.
Source: Mahindra
Copyright 2019 All rights reserved.