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M&M Q4 PAT dips 20% to Rs 849 crore

MUMBAI: Home grown auto major Mahindra & Mahindra (M&M) on Wednesday reported a 19.85 in keeping with cent decline in its standalone benefit after tax (PAT) to Rs 848.81 crore for the fourth quarter of 2018-19. The corporate had posted a PAT of Rs 1,059.09 crore in the corresponding duration of 2017-18.

Revenue from operations rose to Rs 14,035.16 crore during the quarter as towards Rs 13,307.88 crore in the fourth quarter of 2017-18, M&M mentioned in a regulatory filing.

For complete 2018-19, the company posted a PAT of Rs four,796.04 crore, up 10.1 in keeping with cent as in comparison with Rs four,356.01 crore in 2017-18.

Revenue from operations during the previous financial yr rose to Rs 53,614 crore, towards Rs 49,444.99 crore in 2017-18.

The corporate mentioned total automobile sales during the fourth quarter had been at 1,63,937 gadgets as towards 1,56,453 gadgets in the year-ago quarter, a enlargement of five in keeping with cent.

Passenger automobile sales had been at 77,607 gadgets, up 7 in keeping with cent over the corresponding duration earlier yr.

Tractor sales had been at 56,903 gadgets in the fourth quarter, in comparison with 66,885 gadgets, a fall of 15 in keeping with cent.

The corporate's board really helpful a dividend of Rs eight.50 in keeping with proportion of a face value of Rs 5 each and every proportion (170 in keeping with cent).

Shares of the company on Wednesday ended zero.25 in keeping with cent up at Rs 672.25 apiece at the BSE.

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