Tag: PAT

February 9, 2020

M&M Q3 profit slumps 73% to Rs 380 crore

Home-grown auto major Mahindra & Mahindra (M&M) on Saturday reported 73% decline in consolidated net profit at Rs 380 crore for December quarter 2019 due to sluggish vehicle sales. The company had posted a profit after tax (PAT) of Rs 1,396 crore for the same quarter last fiscal, M&M said. Its revenue also moderated to Rs 12,120 crore in the latest quarter.