Mumbai : Mahindra & Mahindra (M&M) on Tuesday posted a 67 per cent rise in net profit at Rs 1,257 crore for the quarter ended June 30, driven by robust sales across segments. The company had reported a net profit of Rs 752 crore for the same period of previous year (2017-18).
Revenues and other income stood at Rs 13,551 crore for the first quarter as compared with Rs 11,006 crore in the year-ago period. Total domestic automotive volume of the company grew 16.2 per cent. The heavy commercial vehicle volume grew 123.4 per cent, resulting in a market share of 5.7 per cent, it said. M&M exported 9,360 vehicles during the first quarter, a growth of 100.2 per cent over the same period a year ago. Its domestic tractor sales grew 18.8 per cent and the farm equipment segment’s revenue crossed Rs 5,000 crore mark during the period under review.
