Friday, 8 August 2014

Mahindra & Mahindra reports 6% fall in Q1 net profit

Mahindra & Mahindra has reported results for first quarter ended June 30, 2014.
The company’s net profit has declined by 5.98% at Rs 881.78 crore as compared to Rs 937.91 crore for the quarter ended June 30, 2013. However, its total income has increased by 2.59% to Rs 10451.41 crore for the quarter under review from Rs 10186.75 crore for the corresponding quarter of the previous year.
The results for the quarter ended and year ended March 31, 2014 includes the result of the Trucks Business transferred from Mahindra Trucks and Buses Limited for the full year ended March 31, 2014 as sanctioned by Honourable High Court of Bombay which became effective on March 30, 2014.

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