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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.

Mahindra & Mahindra M&M | Mahindra & Mahindra

Press Trust of India  |  New Delhi 

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.



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