Tuesday, 13 August 2013

M&M Profit up

Mahindra & Mahindra Ltd today reported 13.46 per cent increase in its consolidated net profit to Rs 1,164.6 crore for the first quarter ended June 30, 2013, riding on good performance of its farm equipment segment and cost control measures.

The company had posted a consolidated net profit of Rs 1,026.4 crore for the same period previous fiscal.

Company's consolidated income increased to Rs 19,356.03 crore in the April-June quarter, from Rs 17,670.81 crore during the same period last year, Mahindra & Mahindra said in a filing to the BSE.

The company's revenue from its automotive segment stood at Rs 5,860.98 crore as against Rs 5,822.52 crore in the year-ago quarter.

The farm segment registered revenue of Rs 3,899.52 crore as against Rs 3,078.29 crore in the same quarter last fiscal.

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