India’s largest utility vehicles maker Mahindra & Mahindra Limited (M&M) has posted an increase in net profit for the period Q4 (ending Mar 2011) of the current fiscal (FY11). During the said quarter, net profit rises 6.3% to Rs 607 crore in comparison to Rs 570 crore of Q4 (ending Mar 2010) of previous year(FY10).
The company informed the share market (BSE/NSE) that the total income/net sales increased 28% to Rs 6,778 crore in quarter ended Mar 2011 when compared with the last years same quarter ended Mar 2010 which was Rs 5,304 crore.
Tulsian is upbeat and is positive on the stock from a 6 months outlook. “M&M has a stake in the Mahindra & Mahindra Finance and Tech Mahindra as well, hence, going forward if you take on a yearly basis; I don’t think that investor should worry on a quarter on quarter performance
Share’s Data :-
BSE Code : 500520
Mkt. Cap: Rs 173,762.85 Crores
Mahindra & Mahindra Ltd. share’s CMP is Rs 664.60 on 30th May 2011.
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