Domestic tractor sales in April 2014 stood at 19,895 units, against 22,196 units during April 2013, down 10 percent, it added. Exports during the month stood at 836 units as compared to 1,006 units in April last year, down 17 percent.
Mahindra and Mahindra today reported 11 percent decline in total tractor sales at 20,731 units in April. The company had sold 23,202 units in the same month last year, Mahindra & Mahindra said in a statement.
Domestic tractor sales in April 2014 stood at 19,895 units, against 22,196 units during April 2013, down 10 percent, it added.
Also read: M&M sales decline 12% to 36,274 units in April
Exports during the month stood at 836 units as compared to 1,006 units in April last year, down 17 percent.
Commenting on the monthly performance, Mahindra & Mahindra Chief Executive (Farm Equipment and Two Wheeler Division) Rajesh Jejurikar said, "Unseasonal rains and hail during March in some parts of the country has impacted sentiment leading to lower sales of tractors in April. We do hope that the onset of monsoon brings cheer to farmers and the agriculture industry alike."
M&M stock price
On April 30, 2014, Mahindra and Mahindra closed at Rs 1072.15, up Rs 7.15, or 0.67 percent. The 52-week high of the share was Rs 1091.00 and the 52-week low was Rs 741.50.
The company's trailing 12-month (TTM) EPS was at Rs 60.90 per share as per the quarter ended December 2013. The stock's price-to-earnings (P/E) ratio was 17.61. The latest book value of the company is Rs 238.22 per share. At current value, the price-to-book value of the company is 4.50.
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