Mahindra & Mahindra (M&M) Q3 net profit falls 11.4 per cent

Mahindra and Mahindra (NSE:M&M)on Friday posted an 11.4 per cent drop in net profit to INR 1077 crore during the Q3 against INR 1216 crore in the same period last year, as the demand for passenger vehicle sales softened and its MHCV segment came under pressure. Revenue from operations stood at INR 13070 crore during the quarter compared with INR 11578 crore a year ago.

UPDATE :

M&M + MVML (Mahindra Vehicle Manufacturers Limited) releases Q3 earnings. Net Profit (GU) 60% at Rs 1,476 crore vs Rs 920 crore (YoY); Revenue (GU) 12.2% at Rs 12,892 crore vs Rs 11,492 crore (YoY).