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Mahindra CIE Automotive standalone net profit declines 52.31% in the March 2016 quarter

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Sales decline 1.34% to Rs 374.15 crore

Net profit of Mahindra CIE Automotive declined 52.31% to Rs 15.28 crore in the quarter ended March 2016 as against Rs 32.04 crore during the previous quarter ended March 2015. Sales declined 1.34% to Rs 374.15 crore in the quarter ended March 2016 as against Rs 379.22 crore during the previous quarter ended March 2015. ParticularsQuarter EndedMar. 2016Mar. 2015% Var.Sales374.15379.22 -1 OPM %10.186.73 -PBDT41.4825.32 64 PBT23.158.72 165 NP15.2832.04 -52

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First Published: Apr 23 2016 | 8:05 AM IST

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