E-Paper
Mahindra & Mahindra profit up 9.72% at Rs 989.5 crore
Mahindra & Mahindra (M&M) on Wednesday reported a 9.72% increase in standalone net profit at Rs 989.5 crore for the quarter ended September 30, aided by lower expenses.
Updated on: Nov 13, 2013, 14:37:54 IST
Share via
Copy link
Mahindra & Mahindra (M&M) on Wednesday reported a 9.72% increase in standalone net profit at Rs 989.5 crore for the quarter ended September 30, aided by lower expenses.
The company had reported a profit of Rs 901.8 crore a year earlier.
Net sales during the three months ended September 30 were at Rs 8,814.33 crore, down 8.74% from Rs 9,659.2 crore in the same period last year, M&M said in a BSE filing.
Expenses were at Rs 7,981.64 crore, down 10.04% from Rs 8,872.43 crore.
M&M shares traded at Rs 885.85 in the afternoon on the BSE, up 0.75%.
Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.
