Auto major Mahindra & Mahindra today reported 3.18% rise in its consolidated profit after tax for the quarter ended September 30 at Rs 761.5 crore on account of contributions from its subsidiary -- Mahindra Vehicle Manufacturers (MVML).
The company had posted PAT of Rs 738 crore in the same period last fiscal, Mahindra & Mahindra (M&M) said in a filing to the Bombay Stock Exchange (BSE).
The consolidated total revenue during the second quarter this fiscal also increased 33.86% to Rs 8,298.8 crore from Rs 6,199.6 crore in the year-ago period, it added.
M&M's standalone PAT, however, declined by 2.78% to Rs 737.4 crore in the July-September quarter, from Rs 758.5 crore in the same period last year, the company said.
The total standalone revenue during the last quarter went up by 33.15% to Rs 8,198.7 crore from 6,157.3 crore in the corresponding period of 2010-11 fiscal, it added.
"The company could maintain its profits despite the relentless increase in material costs due to a good volume performance by both vehicles and tractors in a difficult market and a tight control on expenses," M&M said.