Mahindra CIE Automotive consolidated net profit declines 86.36% in the March 2020 quarter

Image
Capital Market
Last Updated : Apr 23 2020 | 7:16 PM IST

Sales decline 23.53% to Rs 1662.71 crore

Net profit of Mahindra CIE Automotive declined 86.36% to Rs 20.79 crore in the quarter ended March 2020 as against Rs 152.42 crore during the previous quarter ended March 2019. Sales declined 23.53% to Rs 1662.71 crore in the quarter ended March 2020 as against Rs 2174.39 crore during the previous quarter ended March 2019. ParticularsQuarter EndedMar. 2020Mar. 2019% Var.Sales1662.712174.39 -24 OPM %10.9612.93 -PBDT127.06285.78 -56 PBT45.53211.74 -78 NP20.79152.42 -86

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

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

More From This Section

First Published: Apr 23 2020 | 7:02 PM IST

Next Story