Mahindra CIE Automotive consolidated net profit rises 702.23% in the December 2020 quarter

Sales rise 13.62% to Rs 1957.64 crore

Net profit of Mahindra CIE Automotive rose 702.23% to Rs 111.67 crore in the quarter ended December 2020 as against Rs 13.92 crore during the previous quarter ended December 2019. Sales rose 13.62% to Rs 1957.64 crore in the quarter ended December 2020 as against Rs 1722.94 crore during the previous quarter ended December 2019.

For the full year,net profit declined 69.92% to Rs 106.43 crore in the year ended December 2020 as against Rs 353.79 crore during the previous year ended December 2019. Sales declined 23.49% to Rs 6050.11 crore in the year ended December 2020 as against Rs 7907.82 crore during the previous year ended December 2019.

ParticularsQuarter EndedYear EndedDec. 2020Dec. 2019% Var.Dec. 2020Dec. 2019% Var.Sales1957.641722.94 14 6050.117907.82 -23 OPM %12.6312.44 -8.2912.24 - PBDT249.11211.29 18 501.48948.54 -47 PBT160.92132.49 21 195.08632.44 -69 NP111.6713.92 702 106.43353.79 -70

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