Mahindra CIE Automotive reports 74% rise in Q3 net profit

Mahindra CIE Automotive has reported results for third quarter ended September 30, 2018.

The company has reported 73.80% rise in its net profit at Rs 42.58 crore for the quarter under review as compared to Rs 24.50 crore for the same quarter in the previous year. Total income of the company increased by 21.74% at Rs 656.63 crore for September quarter as compared Rs 539.35 crore for the corresponding quarter previous year.

Mahindra CIE Automotive is a multi-technology automotive components supplier listed on the stock exchanges in Mumbai.