M&M group Q3 profit declines marginally to R1,230 crore

Written by Press Trust of India | New Delhi | Updated: Feb 27 2014, 10:57am hrs
Mahindra & Mahindra group reported a marginal decline of 1.93% in consolidated net profit to Rs 1,230 crore for the third quarter ended on December 31.

The group had reported a consolidated net profit of Rs 1,254.30 crore for the October-December quarter of the last fiscal. M&M's consolidated gross revenue in the third quarter rose 8.5% to Rs 20,679.9 crore against Rs 19,066.8 crore last fiscal. The group gained

Rs 256.5 crore on completion of the first part of the transaction in the auto component business with Spanish firm

CIE Automotives.