Breaking News

You are here » Indian-Commodity  :  Corporate  :  M&M reports 63% rise in Q1 net profit

07-Aug2018

M&M reports 63% rise in Q1 net profit

Mahindra & Mahindra (M&M) has reported results for first quarter ended June 30, 2018.

The company has reported 62.91% rise in its net profit at Rs 1,220.96 crore for the quarter under review as compared to Rs 749.46 crore for the same quarter in the previous year. Total income of the company increased by 9.57% at Rs 13,784.89 crore for Q1FY19 as compared Rs 12,580.44 crore for the corresponding quarter previous year.

M&M 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.


Related News

View all news

Cenlub Industries planning to incorporate wholly owned subsidiary

Cenlub Industries is planning to incorporate wholly owned subsidiary. The board of directors of the company will consider the same in the board meeting to be held on March 02, 2019. Cenlub Industries is......

Asahi Songwon Colors to shutdown CPC Crude Blue Plant

Asahi Songwon Colors has planned a shutdown of CPC Crude Blue Plant at Padra, Vadodara district with effect from February 24, 2019 to carry out the periodic maintenance. The shutdown will affect CPC Crude......

Godfrey Phillips India's arm divests entire stake in Gopal Krishna Infrastructure

Godfrey Phillips India's step down subsidiary-- Unique Space Developers has divested its entire stake in Gopal Krishna Infrastructure & Real Estate (100% subsidiary of Unique Space Developers)......

Top News

View all news

City Union Bank opens four new branches in Tamil Nadu

City Union Bank has opened four new branches in the state of Tamil Nadu on February 22, 2019. The bank has inaugurated 621th and 622nd branch at Nambiyur and Moolapalayam, respectively. The bank has also......

Syndicate Bank enters into partnership with Srei Equipment Finance

Syndicate Bank has entered into partnership with Srei Equipment Finance to jointly provide financing for construction and farm equipment. Under the arrangement, Syndicate Bank would leverage on its low-cost......

Tata Motors to supply 80 Electric buses to West Bengal Transport Corporation

Tata Motors will supply 80 Electric buses to the West Bengal Transport Corporation (WBTC). The company has already supplied 20 Ultra Electric 9/9m AC E-buses, with remaining 20 9/9m AC E-buses scheduled......