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M&M Q3 PAT up at Rs.836.19 crore

Posted On: 2013-02-08 02:56:55

Mahindra & Mahindra Ltd has announced the financial results for the quarter ended December 31, 2012.

The Company has posted a net profit of Rs. 8361.90 million for the quarter ended December 31, 2012 where as the same was at Rs. 6621.50 million for the quarter ended December 31, 2011. Total Income is Rs. 108485.20 million for the quarter ended December 31, 2012 where as the same was at Rs. 84496.00 million for the quarter ended December 31, 2011.

The results for the quarter and nine months ended December, 2012 are not comparable with those of the quarter and nine months ended December, 2011 as the figures in respect of quarter and nine months ended December, 2011 do not include the results of the automotive business of Mahindra Automotive Distributor Private Limited which, as sanctioned by Honourable High Court of Bombay vide its order dated March 30, 2012, got merged with the Company from the appointed date April 01, 2011. The said order became effective from April 23, 2012. The comparison of net sales / income from operations and profit from ordinary activities before exceptional items for the above mentioned periods is however not materially affected by this exclusion.

The Mahindra & Mahindra Ltd stock was trading at Rs.880.50, down by Rs.14.95 or 1.67%. The stock hit an intraday high of Rs.906.70 and low of Rs.875.55.

The total traded quantity was 2.94 lakhs compared to 2 week average of 0.60 lakhs.

Source: Equity Bulls

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