Mahindra & Mahindra Q4 net profit dips 20% to Rs 849 cr; revenue from operations up 5.5%

Homegrown auto major Mahindra & Mahindra (M&M) on Wednesday reported a 19.85 percent decline in its standalone profit after tax (PAT) to Rs 848.81 crore for the fourth quarter of 2018-19

Press Trust of India May 29, 2019 17:47:28 IST
Mahindra & Mahindra Q4 net profit dips 20% to Rs 849 cr; revenue from operations up 5.5%
  • The company had posted a PAT of Rs 1,059.09 crore in the corresponding period of 2017-18

  • Revenue from operations rose to Rs 14,035.16 crore during the quarter as against Rs 13,307.88 crore in the fourth quarter of 2017-18

  • For full 2018-19, the company posted a PAT of Rs 4,796.04 crore, up 10.1 percent as compared with Rs 4,356.01 crore in 2017-18

Mumbai: Homegrown auto major Mahindra & Mahindra (M&M) on Wednesday reported a 19.85 percent decline in its standalone profit after tax (PAT) to Rs 848.81 crore for the fourth quarter of 2018-19.

The company had posted a PAT of Rs 1,059.09 crore in the corresponding period of 2017-18.

Revenue from operations rose to Rs 14,035.16 crore during the quarter as against Rs 13,307.88 crore in the fourth quarter of 2017-18, M&M said in a regulatory filing.

Mahindra  Mahindra Q4 net profit dips 20 to Rs 849 cr revenue from operations up 55

Representational image. Reuters.

For full 2018-19, the company posted a PAT of Rs 4,796.04 crore, up 10.1 percent as compared with Rs 4,356.01 crore in 2017-18.

Revenue from operations during the previous financial year rose to Rs 53,614 crore, against Rs 49,444.99 crore in 2017-18.

The company said total vehicle sales during the fourth quarter were at 1,63,937 units as against 1,56,453 units in the year-ago quarter, a growth of 5 percent.

Passenger vehicle sales were at 77,607 units, up 7 percent over the corresponding period previous year.

Tractor sales were at 56,903 units in the fourth quarter, compared with 66,885 units, a fall of 15 percent.

The company's board recommended a dividend of Rs 8.50 per share of a face value of Rs 5 each share (170 percent).

Shares of the company Wednesday ended 0.25 percent up at Rs 672.25 apiece on the BSE.

Updated Date:

also read

Poco M3 Pro India launch highlights: Priced starting Rs 13,999, sale begins on 14 June; early bird offer announced
News & Analysis

Poco M3 Pro India launch highlights: Priced starting Rs 13,999, sale begins on 14 June; early bird offer announced

Poco M3 Pro will likely feature MediaTek Dimensity 700 chipset, a 48 MP triple rear camera, and a 5,000 mAh battery.

Poco M3 Pro with 5,000 mAh battery to launch in India at 11.30 am IST: How to watch live
News & Analysis

Poco M3 Pro with 5,000 mAh battery to launch in India at 11.30 am IST: How to watch live

Ahead of the event, we also know that the smartphone will feature a 5,000 mAh battery and will sell exclusively on Flipkart.

Fiat says it will transform into an EV-only manufacturer by 2030, aims for cost parity
News & Analysis

Fiat says it will transform into an EV-only manufacturer by 2030, aims for cost parity

Fiat CEO Olivier François says it’s the carmaker’s target to make electric vehicles as affordable as ICE models.