Live
- World Quality Day: Hindustan Zinc Reaffirms Commitment to Superior Product Quality & Innovation
- Samsung TV Plus Announces the Launch of Four New FAST Channels From Viacom18 Exclusively on Samsung Smart TVs
- Arun Pandey 3.0 set to revolutionise lottery industry with Great Goa Games (GGG)
- How Organisations Can Support Mobile Workforces with Diabetes - From Prevention to Management
- Google Rolls Out Real-Time Spam Detection Feature for Pixel Users
- Marriott international and Samhi hotels announce strategic expansion, sign agreement to open three more properties in india
- Telangana Group-4 Results Declared: 8,084 Candidates Selected for 8,180 Posts
- 2024 Is Shaping Up to Be the Smallest Black Friday Ever: GoDaddy Study
- LG LAUNCHES NEW XBOOM SERIES, WITH POWERFUL SOUND WITH PORTABILITY AND STYLE
- KLH Bachupally's AI and ML Expo Hosts a Fusion of Student Innovation and Industry Expertise
Mahindra posts 60% jump in Q3 net profit at Rs 2,454 crore
Auto major Mahindra & Mahindra (M&M) reported a 60 per cent increase in standalone net profit to Rs 2,454 crore for the October-December quarter of the current financial year.
Mumbai: Auto major Mahindra & Mahindra (M&M) reported a 60 per cent increase in standalone net profit to Rs 2,454 crore for the October-December quarter of the current financial year.
The company had posted a net profit of Rs 1,528.06 crore in the same quarter of the previous year.
The company’s revenue for the third quarter grew 16 per cent to Rs 25,642.4 crore led by a 20 per cent surge in auto sales spearheaded by popular SUVs such as Thar. The turnover in the same quarter of the previous year was Rs 21,653.74 crore.
The automaker’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) increased by 9.7 per cent to Rs 3,590.3 crore while its operating margin rose 0.8 per cent to 14 per cent during the quarter.
However, the company’s tractor sales declined by 4 per cent from the previous year to 1,00,522 units in the quarter as an erratic monsoon hit farm incomes.
