Mahindra & Mahindra announced a decline in standalone net profit for the quarter ended September 2015. During the quarter, the profit of the company declined 2.44% to Rs 9,235.60 million from Rs 9,466.30 million in the same quarter previous year.
Revenues for the quarter declined marginally 1.67% to Rs 97,309.20 million, compared with Rs 98,959.70 million for the prior year period.
Operating margin for the quarter stood at 10.55 percent as compared to 10.20 percent for the previous year period. Operating Income for the quarter was Rs 10,263.50 million, compared with Rs 10092.1 million in the previous year period.
Earnings per share for the quarter stood at Rs 15.00, registering 0.00% growth over previous year period.
Quarterly Results - Standalone (Rs in mn) |
As at | Sep - 15 | Sep - 14 | %Change |
Revenues | 97,309.20 | 98,959.70 | (1.67) |
Net Profit | 9,235.60 | 9,466.30 | (2.44) |
Diluted EPS | 15.00 | 15.00 | - |
Shares of the company declined Rs 36.15, or 2.87%, to trade at Rs 1,224.00. The total volume of shares traded was 69,006 at the BSE (2.06 p.m., Friday).