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M&M's Q3 Consolidated Net Profit Surges 16% (07-Feb-2012)

Indian-Commodity  :  Company-Reports  :  M&M's Q3 Consolidated Net Profit Surges 16%
M&M's Q3 Consolidated Net Profit Surges 16%
Mahindra & Mahindra (M&M) has reported results for third quarter ended December 31, 2011.

The company has posted a fall of 9.87% in its net profit after tax of Rs 662.15 crore for the quarter ended December 31, 2011 as compared to Rs 734.68 crore for the same quarter in the previous year. However, total income has decreased marginally by 3.24% from Rs 8162.96 crore for Q3FY11 to Rs 8427.61 crore in the quarter under review.

On the consolidated basis, the group has posted a jump of 16.02% in its net profit after tax to Rs 705.94 crore for the quarter ended December 31, 2011 as compared to Rs 608.49 crore in the same quarter last year. Total income of the company improved by 33.69% to Rs 8256.34 crore for the quarter compared to Rs 6175.66 crore in the quarter, year ago.
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