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M&M posts profit of Rs 163 crore in Q4, dividend at Rs 8 75 per share

Mumbai (Maharashtra) [India], May 28 (ANI): Mahindra & Mahindra on Friday reported a consolidated profit of Rs 163 crore for the January to March quarter as compared to a loss of Rs 3,255 crore in the year-ago quarter.

M&M Q4 preview: Profit may surge over 300%; margins may contract QoQ

Read more about M&M Q4 preview: Profit may surge over 300%; margins may contract QoQ on Business Standard. According to the monthly sales update provided by the company, Mahindra & Mahindra sold a total of 202,223 units in Q4FY21, up 33.3 per cent from the 151,713 units sold in the year-ago quarter

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 M&M and MVML Q4 results: Companies report combined net profit of Rs 163 cr, beat estimates; to pay Rs 8.75 dividend SECTIONS 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 Share 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.

M&M Q4 consolidated PAT at Rs 1,635 cr; FY21 profit at Rs 3,702 cr

M&M Q4 consolidated PAT at Rs 1,635 cr; FY21 profit at Rs 3,702 cr
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M&M posts Q4 profit of Rs 163 cr; announces dividend of Rs 8 75 per share

Mahindra & Mahindra, on Friday, reported consolidated profit of Rs 163 crore for the March quarter of 2020-21 (Q4FY21), which was impacted by one-time loss of Rs 840 crore. In comparison, M&M had reported a loss of Rs 3,255 crore in the year-ago quarter. The company has also announced highest-ever dividend of Rs 8.75 per share for FY21, to commemorate the 75th year of the company. M&M s revenue grew 48 per cent on a year-on-year (YoY) basis to Rs 13,338 crore from Rs 9,005 crore reported in the corresponding quarter last year. Analysts at Emkay had expected M&M to report Q4 revenue at Rs 13,001.5 crore while net profit was pegged at Rs 1,012.8 crore.

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