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Mahindra Q3 profit rise to 9.3%

New Delhi: On the back of strong demand in tractor segment, Mahindra & Mahindra (M&M) has posted a 9.3 per cent rise in net profit for the third quarter ended December 31.The country's biggest utility

India TV News Desk [ Updated: February 16, 2014 17:32 IST ]
mahindra q3 profit rise to 9.3
mahindra q3 profit rise to 9.3

New Delhi: On the back of strong demand in tractor segment, Mahindra & Mahindra (M&M) has posted a 9.3 per cent rise in net profit for the third quarter ended December 31.


The country's biggest utility vehicle-maker sold 76,362 tractors during the quarter, a 22.1 per cent rise over the year-ago period.

The company, together with subsidiary Mahindra Vehicle Manufacturers Ltd (MVML), posted a net profit of Rs 1,000.1 crore during the quarter under review. Together, the companies had posted a net profit of Rs 915 crore during the year-ago period, M&M said in a statement.

During the reporting quarter, the gross revenue and other income of M&M and MVML fell to Rs 11,270 crore from Rs 11,522.3 crore a year ago.

Due to a good monsoon, the domestic tractor industry posted a 20.6 per cent growth.

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