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M&M has posted 27% rise in Q2 profit, sales volume increases 11.6%

On Friday, Mahindra & Mahindra has posted a 27 percent increase in its standalone profit after tax (PAT) at Rs 1,163 crore for the quarter ended September 30.

The company had posted a profit of Rs 915 crore in last year for the time period.

The combined PAT for M&M and Mahindra Vehicle Manufacturers Ltd (MVML) came in at Rs 1,253 crore which is up 29 percent YoY.

The gross revenue of the company for the quarter grew 17 percent YoY to Rs 12,071 crore against Rs 9,834.40 crore in the same quarter last year. Gross revenues were up 18 percent at Rs 12,049 crore that also includes that of MVML’s.

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