Mahindra CIE Automotive consolidated net profit declines 89.98% in the December 2019 quarter

Sales decline 12.76% to Rs 1722.94 crore

Net profit of Mahindra CIE Automotive declined 89.98% to Rs 13.92 crore in the quarter ended December 2019 as against Rs 138.89 crore during the previous quarter ended December 2018. Sales declined 12.76% to Rs 1722.94 crore in the quarter ended December 2019 as against Rs 1975.03 crore during the previous quarter ended December 2018.

For the full year,net profit declined 28.98% to Rs 353.79 crore in the year ended December 2019 as against Rs 498.15 crore during the previous year ended December 2018. Sales declined 1.54% to Rs 7907.82 crore in the year ended December 2019 as against Rs 8031.54 crore during the previous year ended December 2018.

ParticularsQuarter EndedYear EndedDec. 2019Dec. 2018% Var.Dec. 2019Dec. 2018% Var.Sales1722.941975.03 -13 7907.828031.54 -2 OPM %12.4412.83 -12.2412.46 - PBDT211.29252.53 -16 948.54989.22 -4 PBT132.49178.84 -26 632.44702.47 -10 NP13.92138.89 -90 353.79498.15 -29

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