Live TV

Mahindra & Mahindra Q2 net profit down 4.33% at Rs 946.63 crore

Mumbai: Homegrown auto major Mahindra & Mahindra (M&M) on Friday reported 4.33% decline in standalone profit after tax (PAT) at Rs 946.63 crore for the second quarter ended September 30.The auto major had posted a
PTI
PTI October 31, 2014 16:05 IST

Mumbai: Homegrown auto major Mahindra & Mahindra (M&M) on Friday reported 4.33% decline in standalone profit after tax (PAT) at Rs 946.63 crore for the second quarter ended September 30.

The auto major had posted a PAT of Rs 989.5 crore during the same period a year ago.

On a standalone basis, net sales during July-September quarter stood at Rs 9,418.10 crore, up 6.84% from Rs 8,814.33 crore earlier, Mahindra & Mahindra said in a filing to the BSE.

During the quarter under review, revenue from automotive segment stood at Rs 6,135.69 crore, an increase of 6.14% as compared to Rs 5,780.52 crore in same quarter a year ago.

While, revenue from farm equipment in Q2 of FY15 was at Rs 3,406.73 crore, up 8.23% as against Rs 3,147.64 in the corresponding year-ago period.

Shares of the company were trading 2.29% up at Rs 1,317.15 per scrip during afternoon session on the BSE.

More from business