Companies

M&M net climbs to Rs 606 cr in Q4

PTI Mumbai | Updated on May 30, 2011

Mahindra & Mahindra Ltd has reported a 6.36 per cent increase in net profit for the fourth quarter ended March 31, 2011 at Rs 606.54 crore against Rs 570.26 crore in the same quarter a year ago.

According to a company statement, total income during the fourth quarter of the fiscal 2010-11 stood at Rs 6,825.57 crore against Rs 5,322.75 crore in the same period a year ago.

For the year ended March 31, 2011, the net profit stood at Rs 2,662.10 crore (Rs 2,087.75 crore) and total income stood at Rs 23,803.24 crore (Rs 18,801.46 crore).

The group posted a consolidated net profit of Rs 3,079.73 crore for the year ended March 31, 2011 compared with Rs 2,478.56 crore during the previous financial year. Consolidated total income increased to Rs 37,026.37 crore (Rs 31,687.97 crore), it said.

Meanwhile, the company scrips were trading at Rs 674.50 per share on the BSE during the afternoon trade today, down 3.93 per cent from the previous close.

Published on May 30, 2011

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