The Board of Directors of Mahindra and Mahindra Ltd announced the financial results for the quarter ended 31st March 2017 of the company and the audited results for the year ended 31st March 2017 for the company and the consolidated Mahindra Group. The results are being published under the new Indian Accounting Standard (IND AS) which became applicable from 1st April 2016.
Q4 F2017 - M&M + MVML Results
- Gross Revenues and Other Income Rs. 12289 crore, a YOY increase of 5.2%
- Profit before tax before Exceptional items Rs. 1085 crore, a YOY increase of 13.1%
- 130778 vehicles sold in domestic market, flat on a YOY basis
- 46583 tractors sold in the domestic market, a YoY growth of 13.3%
- Total exports of 10831 numbers (7269 vehicles & 3562 tractors)
For Q4 F2017, the auto industry was quick to recover from the impact of demonetization. Most segments of the industry showed resilience after a dip in Q3 F2017. However, the continued lag in the LCV<2T, 3 wheelers and 2 wheelers is an indication of a slower recovery in rural parts of the country.
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