Mahindra & Mahindra Ltd.

Mahindra & Mahindra (M&M) has reported results for the fourth quarter and year ended March 31, 2020.

The company has reported net loss of Rs 2502.42 crore for the quarter under review as compared to net profit of Rs 848.81 crore for the same quarter in the previous year. Total income of the company decreased by 33.73% at Rs 9458.43 crore for Q4FY20 as compared Rs 14271.92 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported net loss attributable to owners of Rs 1334.58 crore for the quarter under review as compared to net profit of Rs 693.38 crore for the same quarter in the previous year. Total income of the company decreased by 24.59% at Rs 20499.55 crore for Q4FY20 as compared Rs 27184.20 crore for the corresponding quarter previous year.

For the year ended March 31, 2020, the company has reported a 72.26% fall in its net profit of Rs 1330.55 crore as compared to Rs 4796.04 crore for the previous year. Total income of the company decreased by 14.73% at Rs 47155.59 crore for year under review as compared to Rs 55302.97 crore for year ended March 31, 2019.

For the year ended March 31, 2020, on the consolidated basis, the company has reported a 97.61% fall  in its net profit attributable to owners of Rs 127.04 crore as compared to Rs 5315.46 crore for the previous year. Total income of the company decreased by 9.04% at Rs 96241.68 crore for year under review as compared to Rs 105806.29 crore for year ended March 31, 2019.