Mahindra CIE Automotive has reported results for first quarter ended March 31, 2022.
The company has reported net profit of Rs 168.69 crore for the quarter under review as compared to net loss of Rs 76.12 crore for the same quarter in the previous year. Total income of the company increased by 26.96% at Rs 1,086.25 crore for March quarter as compared Rs 855.60 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported 16-fold jump in its net profit at Rs 161.43 crore for the quarter under review as compared to net profit of Rs 10.09 crore for the same quarter in the previous year. Total income of the company increased by 17.67% at Rs 2,599.11 crore for March quarter as compared Rs 2,208.76 crore for the corresponding quarter previous year.
