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Mahindra & Mahindra Q4 profit rises marginally to Rs 897 cr

New Delhi: Mahindra & Mahindra Ltd on Friday posted a marginal increase in standalone net profit at Rs 896.88 crore for the fourth quarter ended March 31.The auto major had posted a profit of Rs

PTI [ Updated: May 30, 2014 17:02 IST ]
mahindra mahindra q4 profit rises marginally to rs 897 cr
mahindra mahindra q4 profit rises marginally to rs 897 cr

New Delhi: Mahindra & Mahindra Ltd on Friday posted a marginal increase in standalone net profit at Rs 896.88 crore for the fourth quarter ended March 31.


The auto major had posted a profit of Rs 889.19 crore during the same period of 2012-13.

Net sales on a standalone basis rose to Rs 10,837.89 crore from Rs 10,353.38 crore, Mahindra & Mahindra said in a filing to the BSE.

For the year ended March 31, the company posted a profit of Rs 3,758.35 crore on a standalone basis, up 12.09 per cent from Rs 3,352.82 crore in 2012-13.

Net sales rose to Rs 39,963.36 crore for FY14 from Rs 39,903.12 crore a year earlier.

On a consolidated basis, the Mumbai-based group posted a profit of Rs 4,666.93 crore for the year, up from Rs 4,099.20 crore in 2012-13.

Group net sales climbed to Rs 72,758.77 crore for the year from Rs 67,338.92 crore previously.

The company said the status of Tech Mahindra had changed from a joint venture to an associate in 2013, while Mahindra Forging and Mahindra Hinoday Industries ceased to be subsidiaries in October 2013.

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