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M&M reports 24% rise in Q2 net profit

Mahindra & Mahindra (M&M) has reported results for second quarter ended September 30, 2018.

The company has reported 23.87% rise in its net profit at Rs 1,649.46 crore for the quarter under review as compared to Rs 1,331.57 crore for the same quarter in the previous year. Total income of the company increased by 8.55% at Rs 13,834.87 crore for Q2FY19 as compared Rs 12,745.49 crore for the corresponding quarter previous year.

M&M is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.

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