Mahindra & Mahindra (Mahindra & Mahindra) Tax Rate % : 23.24% (As of Sep. 2023)

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What is Mahindra & Mahindra Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Mahindra & Mahindra's Tax Expense for the six months ended in Sep. 2023 was $225 Mil. Mahindra & Mahindra's Pre-Tax Income for the six months ended in Sep. 2023 was $967 Mil. Therefore, Mahindra & Mahindra's Tax Rate % for the quarter that ended in Sep. 2023 was 23.24%.

Mahindra & Mahindra Tax Rate % Historical Data

The historical data trend for Mahindra & Mahindra's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Mahindra & Mahindra Tax Rate % Chart

Mahindra & Mahindra Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Tax Rate %

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32.17

42.14

30.78

22.53

19.10

Mahindra & Mahindra Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Tax Rate %	Get a 7-Day Free Trial															25.41	21.23	21.28	17.04	23.24

Mahindra & Mahindra Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Mahindra & Mahindra's Tax Rate % for the fiscal year that ended in Mar. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Mar. 2023 )	/	Pre-Tax Income (A: Mar. 2023 )
	=	326.469	/	1709.108
	=	19.10 %

Mahindra & Mahindra's Tax Rate % for the quarter that ended in Sep. 2023 is calculated as

Tax Rate %	=	Tax Expense (Q: Sep. 2023 )	/	Pre-Tax Income (Q: Sep. 2023 )
	=	224.84	/	967.328
	=	23.24 %

Mahindra & Mahindra Tax Rate % Related Terms

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Mahindra & Mahindra (Mahindra & Mahindra) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Mahindra & Mahindra Ltd (OTCPK:MAHMF) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

M&M:India 500520:India MHIDl:UK MHID:UK MOM:Germany

Address

Dr. G. M. Bhosale Marg, Mahindra Towers, 5th Floor, Worli, Mumbai, MH, IND, 400 018

Website

https://www.mahindra.com

Mahindra & Mahindra Ltd is a holding company. The company's segment includes Automotive; Farm Equipment and others. It generates maximum revenue from the Automotive segment. The Automotive segment comprises of sale of automobiles, spares, mobility solutions, construction equipments, and related services. Geographically, it derives a majority of revenue from India.