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Mahindra & Mahindra Q1 net at Rs 400 cr

This article was posted on Jul 30, 2009 and is filed under Stock News

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

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

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