M&M and MVML Q3 net profit jumps 60% to Rs 1,476 cr, operating margin falls

Mahindra & Mahindra File photo: The logo of Mahindra and Mahindra is seen at a showroom in Mumbai Mahindra & Mahindra and its subsidiary Mahindra Vehicle Manufacturers reported a 60 per cent YoY rise in their consolidated net profit at Rs 1,476 crore for third quarter (October-December) of FY19.

Revenue for the quarter rose 14 per cent to Rs 13,235 crore, against Rs 11,594 crore in the year-ago quarter. 

Operating margin stood at 13.2 per cent against 14.7 per cent reported in the corresponding quarter last fiscal.

Number of vehicles sold during the quarter came in at 1,33,508 units, up 10 per cent against 1,21,786 in the year-ago period. 

At 01:50 am, shares of the company were trading at Rs 684.05 on NSE, down 2.40 per cent.