Mahindra & Mahindra (M&M) today reported a 12% increase in consolidated net profit at Rs 535.70 crore for the first quarter ended June 30, 2007 when compared with Rs 479.70 crore in Q1FY07.According to a release issued today, total income at Rs 5,879.2 crore was an increase of 40.7% from Rs 4,179.5 crore in Q1FY07.The consolidated group profit for the current quarter, after considering exceptional items, tax and after deducting minority interests, is Rs 299.6 crore as against Rs 290 crore in Q1FY07, the release added.M&M, on a stand-alone basis, reported a 6% decline in net profit at Rs 191.17 crore for the first quarter ended June 30, 2007 when compared with Rs 204.18 crore in Q1FY07. Total income increased to Rs 2,644.39 crore from Rs 2,281.69 crore for the quarter ended June 30, 2006.
