Mahindra & Mahindra Ltd.

BSE: 500520 | NSE: M&M
Large Cap | Automobiles - Passenger Cars
3092.85
-66.50 (-2.10%)
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M&M reports 85% fall in Q3 consolidated net profit

Date: 10-02-2020

Mahindra & Mahindra (M&M)  has reported results for third quarter ended December 31, 2019.

The company has reported a decline of 71.53% in its net profit at Rs 306.55 crore for the quarter under review as compared to Rs 1076.81 crore for the same quarter in the previous year. Total income of the company decreased by 6.41% at Rs 12551.54 crore for Q3FY20 as compared Rs 13411.29 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 84.74% in its net profit attributed to the owners of the company at Rs 199.94 crore for the quarter under review as compared to Rs 1310.62 crore for the same quarter in the previous year. Total income of the company decreased by 3.98% at Rs 25303.23 crore for Q3FY20 as compared Rs 26352.05 crore for the corresponding quarter previous year.