Mahindra & Mahindra rose 4.1% to Rs 1,250.65 at 14:42 IST on BSE after net profit fell 38.61% to Rs 550.56 crore on 13.08% decline in total income to Rs 9646.68 crore in Q4 March 2015 over Q4 March 2014.
The result was declared during market hours today, 29 May 2015.
Meanwhile, the S&P BSE Sensex was up 299.39 points or 1.09% at 27,806.10
On BSE, so far 1.54 lakh shares were traded in the counter as against average daily volume of 60,207 shares in the past one quarter.
The stock was volatile. The stock hit a high of Rs 1,257.30 and a low of Rs 1,183.35 so far during the day. The stock had hit a 52-week low of Rs 1,106 on 10 February 2015. The stock had hit a record high of Rs 1,421 on 4 September 2014.
The large-cap auto manufacturing company has equity capital of Rs 310.55 crore. Face value per share is Rs 5.
The trucks and buses business of Mahindra Trucks and Buses (MTBL) was merged with M&M in Q4 March 2014 and the full-year results of MTBL was included in M&M's Q4 March 2014 results. Therefore, M&M's Q4 March 2015 results are not strictly comparable with Q4 March 2014 results.
Segment wise results showed that the profitability of M&M's automobile business witnessed a solid improvement on year-on-year basis in Q4 March 2015. On the other hand, the tractors business reported a dismal performance on year-on-year basis in Q4 March 2015.
Mahindra Group enjoys a leadership position in tractors, utility vehicles, information technology, financial services and vacation ownership. In addition, Mahindra enjoys a strong presence in the agribusiness, aerospace, components, consulting services, defence, energy, industrial equipment, logistics, real estate, retail, steel, commercial vehicles and two-wheeler industries.
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