Mahindra & Mahindra (M&M), a passenger, commercial and utility vehicles maker, reported a 4.33% fall in net profit to Rs 9.47 billion for the quarter ended Sept. 30, 2014 as against Rs 9.89 billion in the last year period. Market was expecting profit to come at Rs 9.46 billion.
During the quarter, total income increased 6.88% to Rs 95.44 billion from Rs 89.30 billion in the same period a year ago.
Net sales up marginally by 6.85% for the quarter ended Sept. 30, 2014 to Rs 94.18 billion as compared to Rs 88.14 billion in the same period last year.
Standalone operating margin came at 10.6% during the quarter.
Shares of the company gained Rs 27.4, or 2.13%, to trade at Rs 1,315. The total volume of shares traded was 118,518 at the BSE (1.54 p.m., Friday).