Mahindra CIE Auto Q4 net profit up 5.97% at Rs 59.82 cr
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The company reported standalone net profit of Rs 59.82 crore for the quarter ended December 31, 2020 as compared to Rs 56.45 crore in the same period last year, registering a year-on-year growth of 5.97 per cent. Net revenue of the company rose moderately by 15.40 per cent at Rs 756.51 crore in October-December quarter of this fiscal as against Rs 655.57 crore in the corresponding period last year. During October-December quarter,
operating expenses increased by 10.27 per cent to Rs 646.02 crore from Rs 585.87 crore in year ago period. Other Income dipped by 20.86 per cent at Rs 3.68 crore versus (Dec'19 Rs 4.65 crore). Operating Profit surged by 58.52 per cent to Rs 110.49 crore as against Rs 69.70 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 37.35 per cent in December quarter. Interest grew by 13.09 per cent y-o-y to Rs 4.58 crore, while Taxation increased by 296.07 per cent at Rs 19.94 crore (Dec'19 Rs -10.17 crore)
