New Delhi: Homegrown auto major Mahindra & Mahindra on Wednesday reported 23.87 percent jump in standalone profit after tax at Rs 1,649.46 crore for the second quarter ended 30 September.
The company had posted a standalone net profit of Rs 1,331.57 crore in the same quarter last fiscal, M&M said in a regulatory filing.
Total income during the period under review stood at Rs 13,834.87 crore. It was at Rs 12,745.49 crore in the year-ago quarter.
Vehicle sales during the second quarter stood at 1,41,163 units as against 129,754 units in the same period last fiscal, a growth of 9 percent, the company said.
Tractor sales were, however, down by 5 percent to 73,012 units in the second quarter as against 76,984 units in the year-ago period, it added.
The company exported 9,244 vehicles during the current quarter, a growth of 18.9 percent over the corresponding quarter previous year.
On the outlook, the company said, "Going forward, growth will be a function of evolving liquidity conditions as well as private and government spending."
Among global factors, crude oil price behaviour and US-China trade policy manoeuvring will be the key factors to watch out for, it said.
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Updated Date: Nov 14, 2018 15:27:20 IST