Mahindra CIE Automotive net profit declines 58.58% in the March 2014 quarter

Sales decline 10.29% to Rs 88.87 crore

Net profit of Mahindra CIE Automotive declined 58.58% to Rs 6.47 crore in the quarter ended March 2014 as against Rs 15.62 crore during the previous quarter ended March 2013. Sales declined 10.29% to Rs 88.87 crore in the quarter ended March 2014 as against Rs 99.06 crore during the previous quarter ended March 2013.

For the full year,net profit declined 56.03% to Rs 17.97 crore in the year ended March 2014 as against Rs 40.87 crore during the previous year ended March 2013. Sales declined 11.01% to Rs 351.22 crore in the year ended March 2014 as against Rs 394.67 crore during the previous year ended March 2013.

ParticularsQuarter EndedYear EndedMar. 2014Mar. 2013% Var.Mar. 2014Mar. 2013% Var.Sales88.8799.06 -10 351.22394.67 -11 OPM %19.6920.11 -14.9016.84 - PBDT16.0919.31 -17 55.0564.98 -15 PBT9.0012.29 -27 26.7637.54 -29 NP6.4715.62 -59 17.9740.87 -56

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