Mahindra & Mahindra Q1 net at Rs 400 cr
MUMBAI: Automobile major Mahindra & Mahindra on Thursday reported a net profit of Rs 400.85 crore in the first quarter ended June 30 against
Rs 159.30 crore in the same quarter last year.
However, June quarter figures are not comparable with the results of the corresponding period a year earlier due to merger of its two subsidiaries — Mahindra Holdings & Finance Ltd and Punjab Tractors Ltd — with the company, M&M said in a filing to the Bombay Stock Exchange
(BSE).
Total income of the company stood at Rs 4,266.16 crore in the latest quarter of this fiscal, whereas the same was at Rs 3,331.80 crore in the corresponding period last year.
Shares of M&M were trading at Rs 850, up 1.09 per cent in the afternoon trade on the BSE.
source: Economictimes
Tags: buy sell hold Mahindra & Mahindra, mahindra & mahindra, Mahindra & Mahindra Q1 results
Similar Posts:
Latest Query
- by Sam
Search Our Archives
Research Desk
- Stocks Trading above their 50 day moving average - DMA In Stock Research
- Download free Ebooks based on Technical Analysis In Personal Training
- TOP 100 Stocks with the Highest P/E as on July 14th, 2013 In Stock Research
- TOP 100 Stocks with the Lowest P/E as on July 14th, 2013 In Stock Research
- Charting Pathsala - Your guide to Techincals In Technical Analysis