Saturday, February 9, 2019

M& M Q3 net down by 11 percent, stock down 3 percent


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Mahindra & Mahindra has reported 11 per cent decline in standalone profit after tax  at Rs 1,077 crore for December quarter.

The company had posted a PAT of Rs 1,216 crore in the same quarter last fiscal. 

Total income during the period under review stood at Rs 13,411 crore. It was at Rs 11,676 crore in the year-ago quarter.

Vehicle sales during the third quarter stood at 1,33,508 units as against 1,21,786 units in the same period last fiscal, a growth of 10 per cent. 

M& M closed at Rs 681, down 3 percent in Friday's trading.

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