You are here: Home » Companies » News
IOCL's Mathura refinery starts producing 100% BS-VI fuel ahead of deadline
J K Cement Dec quarter profit rises more than two-folds to Rs 137 cr
Business Standard

M&M Q3 net profit slumps 73% to Rs 380 cr; Tractor sales slips 6%

Vehicle sales during the third quarter stood at 1,23,353 units as against 1,33,508 units in the same period last fiscal, a decline of 8 per cent.

Topics
Mahindra & Mahindra M&M | Mahindra & Mahindra

Press Trust of India  |  New Delhi 



Mahindra
Tractor sales also slipped 6 per cent to 81,435 units in the third quarter as against 87,036 units in the year-ago period.

Home-grown auto major (M&M) on Saturday reported 73 per cent decline in consolidated net profit at Rs 380 crore for December quarter 2019 due to sluggish vehicle sales. The company had posted a profit after tax (PAT) of Rs 1,396 crore for the same quarter last fiscal, M&M said in a statement.

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.

OR

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.


We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Sat, February 08 2020. 16:49 IST

.