Mahindra and Mahindra Reports Raise in Q3 2018 Profit

Written By: Archana
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    Mahindra and Mahindra reported Net Revenue of Rs 11,491 crores during the third quarter of 2018, up by 10.3 percent, as against Rs 10,420 crores during the third quarter of 2017.

    Mahindra and Mahindra Reports Raise in Q3 2018 Profit

    The company reported EBITDA of Rs 1,693 crores during the third quarter of 2018 up from Rs 1,415 crores during the third quarter of 2017, an increase of 19.6 percent.

    The company expects no headwinds in the fourth quarter of 2018 and fiscal 2019 with recovery in a rural environment, rural-oriented budget and smooth transition to GST regime.

    However, the risks could arise from: less than 90% monsoon rainfall, increase in interest rate beyond 50bps, oil price going beyond $70 per barrel and commodity prices firming up further.

    The profit after tax (after EI) stands at Rs 1,306 crores during the third quarter of 2018, up by 16.9 percent against Rs 1,117 crores during the third quarter of 2017.

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