Mahindra & Mahindra Ltd.
43.50 (1.41%) Mahindra & Mahindra reports 14% fall in Q3 net profit
Date: 15-02-2016Mahindra & Mahindra has reported results for third quarter ended December 31, 2015.
The company has reported 14.24% fall in its net profit of 807.99 crore for the quarter ended December 31, 2015 as compared to Rs 942.14 crore for the same quarter in the previous year. However, the company’s total income has increased by 16.67% to Rs 11096.89 crore for the quarter under review from Rs 9511.55 crore for the corresponding quarter of the previous year.
Mahindra & Mahindra (M&M) is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.