10 months, 1 week ago
Mahindra & Mahindra Q3 net profit surges 60 per cent YoY to Rs 2,454 crore, revenue rises 16 per cent
India TV NewsMahindra & Mahindra, the manufacturer of the 'Scorpio' SUV, reported a smaller-than-expected increase in third-quarter profit on Wednesday. The standalone profit after tax for Mahindra & Mahindra rose by 60.6 per cent to Rs 2,454 crore in the three months ending December 31. Farm has gained market share despite tough market conditions," M&M Managing Director & CEO Anish Shah said. The company continued the journey of unlocking value in its growth gems with the listing of India's largest renewable InvIT and partnerships with marquee investors, Shah said. Shares of the company were trading 0.13 per cent higher at Rs 1,648.10 apiece on the BSE.
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