Driven by robust sales in the automotive segment, Mahindra & Mahindra on Wednesday reported 26 per cent increase in consolidated net profit at Rs 778.5 crore for the quarter ended June 30. It had posted consolidated net profit of Rs 618.3 crore in the year-ago period. Gross sales stood at Rs 9,937.7 crore, against Rs 7,345 crore in the same period last year, up 35.3 per cent, the company said. The financial result includes that of Mahindra Vehicle Manufacturers Ltd, a 100 per cent subsidiary of the company, which is into sourcing contemporary products for expanding the market offerings of the company.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app