 "Mahindra Funster EV concept which was launched in Auto Expo 2020")
Shares of Mahindra & Mahindra (M&M) slipped 5 per cent to Rs 538 on the BSE on Monday after the automaker reported a 73 per cent year on year (YoY) drop in its consolidated net profit at Rs 380 crore in December quarter (Q3FY20). It had net profit of Rs 1,396 crore in the year-ago quarter. The stock was the top loser among S&P BSE Sensex index at 11:37 am.
The company’s reported net profit during the quarter was impacted by Rs 600 crore due to the provisions made towards impairment of certain investments. Its consolidated revenues declined 6
The company’s reported net profit during the quarter was impacted by Rs 600 crore due to the provisions made towards impairment of certain investments. Its consolidated revenues declined 6
