Mahindra & Mahindra reports 6% rise in Q4 net profit

Mahindra & Mahindra has reported results for the fourth quarter and year ended March 31, 2016.

The company has posted a rise of 6.02% in its net profit at Rs 583.73 crore for the quarter ended March 31, 2016 as compared to Rs 550.56 crore for the same quarter in the previous year. Total income of the company has increased by 14.58% at Rs 10912.45 crore for quarter under review as compared to Rs 9524.04 crore for the quarter ended March 31, 2015.

For the year ended March 31, 2016, the company has posted a fall of 4.63% in its net profit at Rs 3167.48 crore as compared to Rs 3321.11 crore for the same period in the previous year. However, total income of company increased 6.23% at Rs 41739.83 crore for year under review as compared to Rs 39293.77 crore for the period ended March 31, 2015.

For the year ended March 31, 2016, on the consolidated basis, the company has posted a rise of 2.35% in its net profit at Rs 3211.26 crore as compared to Rs 3137.47 crore for the same period in the previous year. Total income of company has increased by 9.15% at Rs 78556.6 crore for year under review as compared to Rs 71973.03 crore for the period ended March 31, 2015.