Mahindra CIE Automotive consolidated net profit declines 33.18% in the September 2019 quarter

Sales decline 5.68% to Rs 1868.50 crore

Net profit of Mahindra CIE Automotive declined 33.18% to Rs 61.18 crore in the quarter ended September 2019 as against Rs 91.56 crore during the previous quarter ended September 2018. Sales declined 5.68% to Rs 1868.50 crore in the quarter ended September 2019 as against Rs 1981.09 crore during the previous quarter ended September 2018. ParticularsQuarter EndedSep. 2019Sep. 2018% Var.Sales1868.501981.09 -6 OPM %11.2010.56 -PBDT193.56211.73 -9 PBT114.70144.23 -20 NP61.1891.56 -33

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