Mahindra and Mahindra (M&M) has announced its third quarter results of FY10. It has reported 276.09% jump in its net profit of Rs 413.7 crore as against adjusted net profit of Rs 110 crore, on year-on-year basis (YoY).
Net sales increased 78.7% to Rs 4,478.7 crore from Rs 2,506.3 crore.
Bottomline numbers were better-than-expectations while the topline was just below the estimates; CNBC-TV18 was expected net profit at Rs 509 crore and net sales at Rs 4,538 crore.
At 14:29 pm the share was trading at Rs 1,113.00, down Rs 18.6, or 1.64%. Its current market cap stood at Rs 31,144.11 crore.
Source: CNBC-TV18Courtesy moneycontrol.com
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