INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Mahindra - Mahindra (M-M) on Saturday said its net profit plunged 73 per cent year-on-year (YoY) to Rs 380 crore in December
quarter, due to loss on exceptional and one-off items worth Rs 554 crore
The figure included numbers for manufacturing unit MVML.
The company had reported a profit of Rs 1,396 crore in the year-ago quarter, which
included exceptional gains of Rs 519 crore
Revenue for the quarter fell 6 per cent to Rs 12,120 crore compared with Rs 12,893 crore in the same quarter last year.
Operating profit
margin for the quarter rose to 14.8 per cent from 13.2 per cent YoY
fairly upbeat with good sowing of Rabi crops supported by very good water reservoir levels and government announcement for thrust on infra
AgenciesBoth the domestic auto and tractor industries have shown some signs of trend reversal and has seen moderation in the double-digit
degrowth, the company said in a BSE filing
