M&M Q4 results: Impairment charge shrinks net profit to Rs 162 crore

Revenues beat estimates, company chalks out a Rs 17K crore plan to aid growth

A robust growth in volumes and realisations aided the March quarter performance of Mahindra and Mahindra (M&M). The company, including its manufacturing arm Mahindra Vehicle Manufacturing, posted a net profit of Rs 162.5 crore after exceptional items as against a loss of Rs 3,255 crore in the year ago quarter, the company said on Friday. The company took a Rs 840 crore impairment charge in the quarter which coupled with lower other income dented the bottomline. Adjusted for the same net profit was marginally below street estimates. 

Net revenue at the combined entity rose 48 per cent to Rs 13,338