Business

Mahindra Mahindra's revenue from operations grew over 9% to Rs 13,520 crore in Q1Mahindra Mahindra reported a better-than-expected 63 per cent surge in first-quarter profit on Tuesday, underpinned by robust sales.Standalone profit after tax, which does not include share of profit from its unit Mahindra Vehicle Manufacturers, stood at Rs 1,221 crore ($177.50 million) for the quarter ended June 30, compared with Rs 749 crore a year earlier.Analysts on average expected a quarterly profit of Rs 1,174 crore, according to Thomson Reuters.Revenue from operations grew over nine per cent to Rs 13,520 crore.Mahindra Mahindra shares rose as much as 1.2 per cent in intraday trade on Tuesday.At 2:15 pm, Mahindra Mahindra stock were trading 0.2 per cent higher at Rs 934.10 apiece on the NSE, whose benchmark index Nifty was up 16 points, or 0.15 per cent, at 11,404.($1 = Rs 68.79) Thomson Reuters 2018





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