M&M Q4 profit hikes 26.3% to Rs874 crore


Mumbai : On Tuesday, Mahindra and Mahindra (M&M) Ltd said its net profit in the March quarter increased 26.3% from a year before.

Benefit after outstanding things in the three months rose to Rs874 crore from Rs691.51 crore a year prior. Income and other wage—that earned from roads other than its business operations—grew 5.2% to Rs 12,289 crore

Standalone net profit grew 19.9% to Rs 725.16 crore in the quarter from Rs 604.63 crore a year back. Income and other wage on an independent premise grew 4.05% to Rs 12,319.64 crore from Rs 11,840.47 crore.

A Bloomberg survey of experts had evaluated independent net benefit of Rs 605 crore and net offers of Rs 10,573.2 crore.

The organization’s income from the car segment in the three months to March rose to Rs 7,612.77 crore from Rs.7,476.72 crore a year back, while cultivate gear income progressed to Rs 2701.97 crore from Rs.2,283 crore.

Amid the quarter, the creator of Scorpio and XUV 5OO games utility vehicles (SUV) sold an aggregate of 137,770 units of autos including SUVs, little trucks and pick-ups – down 2% over a year back.

The fall in sales in company’s automotive sector was compensated by strong deliveries of tractors, whose sales rose 16% to 50,253 units (including exports) over the same period a year ago.