Home / Companies / Results / M&M posts Q4 profit of Rs 163 cr; announces dividend of Rs 8.75 per share

M&M posts Q4 profit of Rs 163 cr; announces dividend of Rs 8.75 per share

The company's revenue grew 48 per cent on a year-on-year (YoY) basis to Rs 13,338 crore from Rs 9,005 crore reported in the corresponding quarter last year

M&M opened its first assembly unit in Durban in May 2018 as part of a larger strategy to make South Africa a second base outside India

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2 min read Last Updated : May 28 2021 | 2:57 PM IST

Mahindra & Mahindra, on Friday, reported consolidated profit of Rs 163 crore for the March quarter of 2020-21 (Q4FY21), which was impacted by one-time loss of Rs 840 crore. In comparison, M&M had reported a loss of Rs 3,255 crore in the year-ago quarter. The company has also announced highest-ever dividend of Rs 8.75 per share for FY21, to commemorate the 75th year of the company.

M&M's revenue grew 48 per cent on a year-on-year (YoY) basis to Rs 13,338 crore from Rs 9,005 crore reported in the corresponding quarter last year.

Analysts at Emkay had expected M&M to report

Topics : M&M Mahindra & Mahindra

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