Mahindra CIE Automotive shines on reporting 73% rise in Q1 consolidated net profit
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Mahindra CIE Automotive is currently trading at Rs. 375.00, up by 16.35 points or 4.56% from its previous closing of Rs. 358.65 on the BSE.
The scrip opened at Rs. 382.00 and has touched a high and low of Rs. 395.05 and Rs. 370.15 respectively. So far 172057 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 462.15 on 24-Feb-2023 and a 52 week low of Rs. 168.00 on 25-May-2022.
Last one week high and low of the scrip stood at Rs. 395.05 and Rs. 354.20 respectively. The current market cap of the company is Rs. 14165.39 crore.
The promoters holding in the company stood at 68.89%, while Institutions and Non-Institutions held 19.83% and 11.27% respectively.
Mahindra CIE Automotive has reported results for first quarter (Q1) ended March 31, 2023.
The company has reported 23.05% rise in its net profit at Rs 207.57 crore for the quarter under review as compared to net profit of Rs 168.69 crore for the same quarter in the previous year. Total income of the company increased by 14.99% at Rs 1249.06 crore for March quarter as compared to Rs 1086.25 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported rise of 72.95% in its net profit at Rs 279.12 crore for the quarter under review as compared to Rs 161.39 crore for the same quarter in the previous year. Total income of the company increased by 18.57% at Rs 2456.16 crore for March quarter as compared to Rs 2071.56 crore for the corresponding quarter previous year.
