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Monday, May 30, 2011

Mahindra & Mahindra (M&M) reported a 27.5% jump in its net profit for the fiscal year ended March 31, 2011 at Rs 2,662.1, latest Stock price



Mahindra & Mahindra (M&M), country's top utility vehicle maker, reported a 6.3% rise in net profit for the quarter ended March 31, 2011, at Rs 606 crore ($134 million) as compared to Rs 570 crore in the corresponding quarter last year.

The company also reported a 27.5% jump in its net profit for the fiscal year ended March 31, 2011. The net profit stood at Rs 2,662.1 crore against Rs 2,087.8 crore in the previous year.

On the other hand, the gross revenues and other income of the company stood at Rs 25,896 crore as against Rs 20,595.5 crore in the previous year, a growth of 25.7%.

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