Mahindra CIE Automotive consolidated net profit declines 28.15% in the December 2021 quarter

Sales rise 5.44% to Rs 2064.15 crore

Net profit of Mahindra CIE Automotive declined 28.15% to Rs 80.23 crore in the quarter ended December 2021 as against Rs 111.67 crore during the previous quarter ended December 2020. Sales rose 5.44% to Rs 2064.15 crore in the quarter ended December 2021 as against Rs 1957.64 crore during the previous quarter ended December 2020.

For the full year,net profit rose 269.11% to Rs 392.84 crore in the year ended December 2021 as against Rs 106.43 crore during the previous year ended December 2020. Sales rose 38.62% to Rs 8386.71 crore in the year ended December 2021 as against Rs 6050.11 crore during the previous year ended December 2020.

ParticularsQuarter EndedYear EndedDec. 2021Dec. 2020% Var.Dec. 2021Dec. 2020% Var.Sales2064.151957.64 5 8386.716050.11 39 OPM %9.8012.63 -12.138.29 - PBDT208.06249.11 -16 1020.86501.48 104 PBT125.34160.92 -22 677.78195.08 247 NP80.23111.67 -28 392.84106.43 269

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