Mahindra & Mahindra Q3 profits marginally up at Rs.241.68 Crores

Mahindra & Mahindra Ltd has announced the following Unaudited results for the quarter ended December 31, 2006:

The Company has posted a profit after tax of Rs 2416.896 million for the quarter ended December 31, 2006 as compared to Rs 2334.577 million for the quarter ended December 31, 2005. Total Income (net of excise) has increased from Rs 22474.566 million for the quarter ended December 31, 2005 to Rs 26173.007 million for the quarter ended December 31, 2006.

The company has announced the following Outlook:

Outlook:

The Indian economy continues to do very well with economic growth accelerating to 9.1% in the first half of current fiscal after averaging an impressive 8% in the previous three years. The acceleration was powered largely by a robust double digit expansion in both manufacturing and service sector activities. Though volatility of exchange rates and input costs are a cause for concern, the Company's outlook for the rest of the year remains positive.

Source : Equity Bulls

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