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Mahindra posts Q2 net profit of Rs761.5 cr

Mahindra posts Q2 net profit of Rs761.5 cr
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First Published: Mon, Nov 14 2011. 02 24 PM IST

Photo: Bloomberg
Photo: Bloomberg
Updated: Mon, Nov 14 2011. 02 24 PM IST
Photo: Bloomberg
Mumbai: Mahindra and Mahindra Ltd (M&M), the country’s largest maker of utility vehicles, and Mahindra Vehicles Manufacturing Ltd, its 100% subsidiary, reported a net profit of Rs761.5 crore for the three months to October, the company said in a statement to the Bombay Stock Exchange (BSE).
The net profit up 3% over the same period last year includes the impact of the Rs32 crore loss the firm suffered owing to the fall in rupee and adjustments in its external commercial borrowings (ECBs) which is payable by 2016.
Its gross revenue went up 33.8% to Rs8,298 crore compared to same period a year ago. The earnings are below Street estimates.
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First Published: Mon, Nov 14 2011. 02 24 PM IST
More Topics: Company Results | Mahindra | Auto | Car | Earnings |