M&M Q4 net profit up at ₹163 crore
The Hindu
The board has announced a dividend of 175% of face value (₹8.75 per share) for FY21, which is 3.7x of F20 dividend.
Mahindra & Mahindra Ltd (M&M) along with its wholly owned subsidiary Mahindra Vehicle Manufacturers Ltd (MVML) reported net profit rose to ₹163 crore for the fourth quarter ended March 31, 2021 as against net loss of ₹3,255 crore in the year ago period. Adjusted net profit for the quarter stood at ₹1,002 crore as the company made an exceptional loss of ₹839 crore due to impairment provision for certain long term assets and other exposures. During the quarter M&M + MVML reported revenue of ₹13,338 crore as compared to ₹9,005 crore in the same period last year, up 48%.
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