Thursday, May 29, 2008

Mahindra & Mahindra Announced Fourth Quarter Results

Mahindra & Mahindra announced a standalone net profit of Rs 221.10 crore for the fourth quarter ended March 31, a 13.37 per cent decline over the corresponding period last year. The firm had a net profit of Rs 255.23 crore in the fourth quarter of FY''07.

Total standalone income rose to Rs 3,175.45 crore for the quarter under review from Rs 2,758.83 crore in the year-ago period. The board has declared a dividend of 115 per cent at the rate of Rs 11.5 on shares of face value of Rs 10 for 2007-08.For the year ended March 31, M&M reported a consolidated net profit of Rs 1,571.12 crore, a five per cent growth over last year. The company had a net profit of Rs 1,497.15 crore in FY''07.

Total consolidated income rose to Rs 24,445.29 crore for FY''08 from Rs 17,868.93 crore in the previous year.M&M announced a standalone net profit of Rs 1,103.37 crore for the year, a marginal growth over the year-ago period. The company had a net profit of Rs 1,087.58 crore in FY''07.Total income of the company rose to Rs 11,671.64 crore in the fiscal from Rs 10,221.24 crore last year.

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