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M&M reports 16% decline in Q4FY19 consolidated net profit at Rs 969 crore

Revenue for the period under review stood at Rs 13,808 crore - up 4.7% on a year on year basis

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1 min read Last Updated : May 29 2019 | 3:44 PM IST

Mahindra & Mahindra on Wednesday reported a 16% decline in its net proft for the fouurth quarter ended March 31, 2019 at Rs 969 crore.

Revenue for the period under review stood at Rs 13,808 crore - up 4.7% on a year on year basis.

EBITDA came in 16% higher at Rs 1,867.9 crore.

Margins declined to 13.5% from 15.1% reported in the corresponding quarter last year.

The company has recommended a dividend of Rs.8.5 (170%) per Ordinary (Equity) Share of the

face value of Rs 5 each.