›M&M and MVML Q4 results: Companies report combined net profit of Rs 163 cr, beat estimates; to pay Rs 8.75 dividend
M&M and MVML Q4 results: Companies report combined net profit of Rs 163 cr, beat estimates; to pay Rs 8.75 dividend
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M&M and MVML Q4 results: Companies report combined net profit of Rs 163 cr, beat estimates; to pay Rs 8.75 dividendETMarkets.com
Last Updated: May 28, 2021, 02:44 PM IST
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Synopsis
M&M and MVML’s combined revenues in the quarter rose 48 per cent on-year to Rs 13,338 crore, reflecting the strong demand environment for tractors and automotives.
Agencies
The company’s board also approved a final dividend worth Rs 8.75 per share for the financial year ended March 2021.