Mahindra & Mahindra reports 12% jump in Q3 net profit

Mahindra & Mahindra has reported results for third quarter ended December 31, 2013. The company has reported 11.70% rise in its net profit at Rs 934.06 crore for the quarter, as compared to Rs 836.19 crore for the same quarter in the previous year. However, total income of the company decreased by 1.83% at Rs 10650.32 crore for quarter under review as compared to Rs 10848.52 crore for the quarter ended December 31, 2012. Mahindra & Mahindra is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.