Mahindra & Mahindra Q2 PAT down 4.33% at Rs 946.63 crore

Written by PTI | Mumbai | Updated: Oct 31 2014, 21:46pm hrs
MahindraThe auto major had posted a PAT of Rs 989.5 crore during the same period a year ago. Reuters
Homegrown auto major Mahindra & Mahindra (M&M) today reported 4.33 per cent decline in standalone profit after tax (PAT) at Rs 946.63 crore for the second quarter ended September 30.

The auto major had posted a PAT of Rs 989.5 crore during the same period a year ago.

On a standalone basis, net sales during July-September quarter stood at Rs 9,418.10 crore, up 6.84 per cent from Rs 8,814.33 crore earlier, Mahindra & Mahindra said in a filing to the BSE.

During the quarter under review, revenue from automotive segment stood at Rs 6,135.69 crore, an increase of 6.14 per cent as compared to Rs 5,780.52 crore in same quarter a year ago.

While, revenue from farm equipment in Q2 of FY15 was at Rs 3,406.73 crore, up 8.23 per cent as against Rs 3,147.64 in the corresponding year-ago period.

Shares of the company were trading 2.29 per cent up at Rs 1,317.15 per scrip during afternoon session on the BSE.