Mahindra CIE Automotive standalone net profit rises 33.91% in the December 2017 quarter

Sales rise 39.62% to Rs 561.50 crore

Net profit of Mahindra CIE Automotive rose 33.91% to Rs 14.65 crore in the quarter ended December 2017 as against Rs 10.94 crore during the previous quarter ended December 2016. Sales rose 39.62% to Rs 561.50 crore in the quarter ended December 2017 as against Rs 402.17 crore during the previous quarter ended December 2016.

For the full year,net profit rose 34.69% to Rs 69.30 crore in the year ended December 2017 as against Rs 51.45 crore during the previous year ended December 2016. Sales rose 21.69% to Rs 1960.67 crore in the year ended December 2017 as against Rs 1611.26 crore during the previous year ended December 2016.

ParticularsQuarter EndedYear EndedDec. 2017Dec. 2016% Var.Dec. 2017Dec. 2016% Var.Sales561.50402.17 40 1960.671611.26 22 OPM %10.398.49 -9.939.12 - PBDT58.8034.72 69 197.63158.93 24 PBT35.9816.93 113 121.7087.90 38 NP14.6510.94 34 69.3051.45 35

Powered by Capital Market - Live News