M&M reports 16% decline in Q4FY19 consolidated net profit at Rs 969 crore

Mahindra & Mahindra on Wednesday reported a 16% decline in its net proft for the fouurth quarter ended March 31, 2019 at Rs 969 crore. 


Revenue for the period under review stood at Rs 13,808 crore - up 4.7% on a year on year basis.


EBITDA came in 16% higher at Rs 1,867.9 crore.


Margins declined to 13.5% from 15.1% reported in the corresponding quarter last year.


The company has recommended a dividend of Rs.8.5 (170%) per Ordinary (Equity) Share of the

face value of Rs 5 each.