Mahindra & Mahindra Ltd.
30.20 (0.97%) M&M reports consolidated net profit of Rs 423.88 crore in Q1
Date: 06-08-2021Mahindra & Mahindra (M&M) has reported results for first quarter ended June 30, 2021.
The company has reported over 12-fold jump in its net profit at Rs 855.61 crore for the quarter under review as compared to Rs 67.79 crore for the same quarter in the previous year. Total income of the company registered over 2-fold increase at Rs 11,967.99 crore for Q1FY22 as compared Rs 5723.18 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported net profit from continuing operations attributable to owners of the company at Rs 423.88 crore for the quarter under review as compared to net loss of Rs 48.95 crore for the same quarter in the previous year. Total income of the company increased by 59.24% at Rs 19,368.16 crore for Q1FY22 as compared Rs 12,163.16 crore for the corresponding quarter previous year.