Mahindra & Mahindra Q2 net profit down 4.33% at Rs 946.63 croreMumbai: 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
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.
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