News Analysis

Mahindra & Mahindra reports 78% fall in Q2 consolidated net profit

Updated on 09 November 2019 10:13 AM

Mahindra & Mahindra has reported results for second quarter ended September 30, 2019.

The company has reported a fall of 26.49% in its net profit at Rs 1,212.60 crore for the quarter under review as compared to Rs 1,649.46 crore for the same quarter in the previous year. Total income of the company decreased by 13.96% at Rs 11,903.79 crore for Q2FY20 as compared Rs 13,834.87 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 78.44% in its net profit at Rs 368.43 crore for the quarter under review as compared to Rs 1,708.92 crore for the same quarter in the previous year. Total income of the company decreased by 7.56% at Rs 24,149.42 crore for Q2FY20 as compared Rs 26125.49 crore for the corresponding quarter previous year.