Mahindra & Mahindra Ltd.

Mahindra & Mahindra has reported unaudited results for the first quarter ended June 30, 2011.

The company’s net profit after tax for the quarter ended June 30, 2011 rose by 7.56% at Rs 604.88 crore as compared to Rs 562.39 crore for the corresponding quarter last year. Its net sales grew by 30.46% at Rs 6758.41 crore for the quarter under review from Rs 5180.58 crore for the same quarter last year.

Recently, the company reported 8% jump in its two-wheeler sales at 13,012 units in July, 2011. The cumulative sales of Mahindra two wheelers for the April-July period stood at 45,288 units as against 39,291 units in the corresponding period last year, up 15%.