M & M Q2 Net up by 146% at Rs.386.47 Crores

Mahindra & Mahindra Ltd has announced the following Unaudited results for the quarter ended September 30, 2006:

The Company has posted a profit after tax of Rs 3864.769 million for the quarter ended September 30, 2006 as compared to Rs 1572.068 million for the quarter ended September 30, 2005. Total Income (net of excise) has increased from Rs 19442.472 million for the quarter ended September 30, 2005 to Rs 25634.177 million for the quarter ended September 30, 2006.

Mahindra & Mahindra Ltd has announced the following Outlook:

The Indian economy continues to maintain a healthy momentum. Driven by an improvement in manufacturing activity and a robust services sector performance, real GDP grew by a healthy 8.9 percent in Q1 of the current fiscal. With the Index of Industrial production showing a rise of 10.6% in the April-August period and crude oil prices stabilizing at levels lower than expected, the economy is expected to maintain robust growth through the rest of the year. The Company expects to maintain a healthy market performance in the second half of the year.

Source : Equity Bulls

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