Mahindra & Mahindra net profit decline to 5.7 per cent at Rs 801 crore

In the last fiscal Mahindra & Mahindra posted to have the net profit of Rs 849.4 crore and at the end of December quarter 2016 its net profit decline to 5.7 per cent in its net profit at Rs 801 crore.

The total income of the company was up by 1.2 per cent at Rs 10,587 crore against Rs 10,464 crore. EBITDA margin was flat at 13.7 per cent as compare to 13.9 per cent in which auto segment EBIT margin at 7.1 per cent and tractor business EBIT margin at 17.42 per cent.

The company sales decrease to 8.3 per cent from the last fiscal and sold 112852 vehicles in the domestic markets.

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