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Mahindra Q4 net profit rises 26%

The consolidated annual profit in FY17 stood at Rs 4,050 crore against Rs 3,554 crore in FY16

Shubham Parashar  |  Mumbai 

Utility vehicle and farm equipment major Mahindra & Mahindra (M&M) has reported a 26.3 per cent growth in profit for the March quarter. Consolidated profit for the period stood at Rs 874 crore, helped by an exceptional gain of Rs 93 crore and higher other income of Rs 294 crore.  Consolidated revenue from operations (including other income) increased over five per cent to Rs 12,889 crore. The company took a one-time hit of Rs 171 crore, owing to restrictions on sale of BS-III vehicles by the Supreme Court (from April 1, 2017). Mahindra sold 130,778 vehicles in the ...

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First Published: Wed, May 31 2017. 01:03 IST
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