Mahindra & Mahindra Ltd on Thursday reported a 35 per cent on-year growth in consolidated profit after tax (PAT) at ₹3,171-crore in three months to September against ₹2,348 crore a year ago. Consolidated revenue was at ₹37,924 crore, up 10 per cent from ₹34,436 crore a year ago.
“Auto and farm continued to strengthen market leadership by gaining market share and expanding margins,” Anish Shah, MD and CEO at M&M, said.
AMNS India
AMNS India posted a 31.3 per cent drop in EBITDA in the June to September quarter to $162 million, down from $237 million a year ago. The company attributed the fall to challenging market conditions and cost pressures.
Sales declined 2.8 per cent to $1.5 billion from $1.6 billion, mainly due to lower average steel prices. Production reached 1.74mt, down from 1.86mt.
Emami net up
Emami Ltd reported a 19 per cent increase in its net profit in Q2 reaching ₹213 crore, driven by improved margins and steady growth in both domestic and international markets.
Revenue from operations during the quarter rose 3 per cent to ₹891 crore.
Trent profit
Trent has reported a 46 per cent increase in standalone net profits in Q2. Net profit of the Tata group firm rose to ₹423.44 crore against ₹289.67 crore in the same quarter of the previous year.
Consumer sentiment has remained relatively muted. This coupled with seasonality has meant that retail businesses have faced headwinds,” Noel N Tata, chairman, Trent Ltd, said.
