M&M's PAT in top gear at Rs 1,112 crore

Revenue from farm equipment stood at Rs 4,322.14 crore, up 20.3 per cent

Homegrown automobile major Mahindra & Mahindra (M&M) on Friday reported a 33.29-per-cent increase in standalone profit after tax (PAT) at Rs 1,112.27 crore for the quarter ended December 31 2016, driven by an exceptional income of Rs 363.78 crore on account of sale of investment in group companies.

The auto major had posted a PAT of Rs 834.47 crore during the corresponding period a year earlier.

Total income from operations during the third quarter rose to Rs 11,777.98 crore, up 1.47 per cent from Rs 11,607.35 crore earlier, M&M said in a filing to the BSE. The company sold 112,852