Mahindra & Mahindra Q3 net profit up 42% at Rs 1,268 cr; revenue grows 11%

The company's reported Ebitda came in at Rs 3,520.4 crore for the quarter under review

Mahindra & Mahindra, on Friday, reported consolidated net profit of Rs 1,268 crore for the December quarter of 2020-21 (Q3FY21). The company said it has incurred a one-time loss of Rs 1,214 crore, which impacted the bottom-line. For comparison, the company had reported profit of Rs 891.5 crore in the year-ago quarter. 

The company's revenue also grew 11 per cent on a year-on-year (YoY) basis to Rs 21,625.95 crore from Rs 19,430 crore, reported in the corresponding quarter last year. 

Analysts at Motilal Oswal had expected M&M to report profit of Rs 1,278.1 crore for the quarter while revenue was