M&M group Q1 turnover up 40.7%

The Gross Revenues and Other Income for the quarter ended 30th June 2007 of the Consolidated Mahindra Group at Rs.5879.2 crores (USD 1.4 billion) grew by 40.7% over Rs.4179.5 crores (USD 905.8 million) for Q1 last year.

The profit before exceptional items and tax for the current quarter is Rs. 535.7 crores (USD 131.3 million) as compared to Rs.479.7 crores (USD 104.0 million) in Q1 F2007 "� a growth of 11.7%. This is due to a good performance by both the parent company and group companies.

The consolidated group Profit for the current quarter after considering exceptional items, tax and after deducting minority interests is Rs.299.6 crores (USD 73.4 million) as against Rs.290.0 crores (USD 62.9 million) earned in Q1 last year.

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