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Mahindra CIE Automotive standalone net profit rises 73.80% in the September 2018 quarter

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Capital Market

Sales rise 21.68% to Rs 652.45 crore

Net profit of Mahindra CIE Automotive rose 73.80% to Rs 42.58 crore in the quarter ended September 2018 as against Rs 24.50 crore during the previous quarter ended September 2017. Sales rose 21.68% to Rs 652.45 crore in the quarter ended September 2018 as against Rs 536.22 crore during the previous quarter ended September 2017. ParticularsQuarter EndedSep. 2018Sep. 2017% Var.Sales652.45536.22 22 OPM %12.3110.95 -PBDT83.4959.16 41 PBT64.9438.88 67 NP42.5824.50 74

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First Published: Oct 17 2018 | 8:17 AM IST

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