India’s largest utility vehicle and farm equipment maker Mahindra and Mahindra Ltd on Tuesday reported a 70.33% jump in standalone net profit for the March quarter (Q4 FY18). Q4 Profit rose to Rs1,059.09 crore from Rs621.78 crore a year earlier. Revenue during the period increased 10.47% to Rs13,307. 88 crore from Rs12,047.58 crore in the year-ago quarter. Earnings before interest, tax, depreciation and amortization, or Ebitda, a key measure of operating profitability, at the consolidated level rose three percentage points to 15.1% from 11.2% a year ago. Revenues from other segments, such as hospitality and financial services, rose 30.6% to Rs554.26crore—about 6% of the total revenue.
India’s largest utility vehicle and farm equipment maker Mahindra and Mahindra Ltd on Tuesday reported a 70.33% jump in standalone net profit for the March quarter (Q4 FY18). Q4 Profit rose to Rs1,059.09 crore from Rs621.78 crore a year earlier. Revenue during the period increased 10.47% to Rs13,307. 88 crore from Rs12,047.58 crore in the year-ago quarter. Earnings before interest, tax, depreciation and amortization, or Ebitda, a key measure of operating profitability, at the consolidated level rose three percentage points to 15.1% from 11.2% a year ago. Revenues from other segments, such as hospitality and financial services, rose 30.6% to Rs554.26crore—about 6% of the total revenue.