M&M 02 consol net profit jumps 44% at Rs 2,773 cr

Homegrown diversified group Mahindra & Mahindra on Friday reported 44 per cent increase in consolidated profit at Rs 2,773 crore for September quarter, driven by robust performance in automotive and farm equipment verticals.

The group had logged a net profit of Rs 1,929 crore in July-September last fiscal year, Mahindra & Mahindra (M&M) said in a regulatory filing.

Revenue from operations during the quarter under review rose to Rs 29,870 crore from Rs 21,470 crore in the year ago period. In September quarter, the automotive segment's revenue rose to Rs 15,231 crore from Rs 8,245 crore in the year-ago period. Similarly, revenue from the farm equipment segment increased to Rs 7,506 crore from Rs 6,723 crore.