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Mahindra CIE Automotive reports 17% rise in Q1 consolidated net profit

Mahindra CIE Automotive has reported results for first quarter ended March 31, 2019.

The company has reported 21.67% rise in its net profit at Rs 46.93 crore for the quarter under review as compared to Rs 38.57 crore for the same quarter in the previous year. Total income of the company increased by 6.36% at Rs 657.38 crore for March quarter as compared Rs 618.07 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 16.67% in its net profit at Rs 153.72 crore for the quarter under review as compared to Rs 131.76 crore for the same quarter in the previous year. Total income of the company increased by 9.37% at Rs 2,189.23 crore for Q1 as compared Rs 2,001.68 crore for the corresponding quarter previous year.

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