Mahindra & Mahindra net revenue touch $ 4.5 billion

The 4th largest tractor manufacturer in the world Mahindra and Mahindra Limited (M&M), posted a 20.6 per cent growth in net revenues for the quarter ended March 31 at Rs 3,176.5 crore as against Rs 2632.8 crore for the quarter in previous fiscal.

The group's consolidated revenues for the full year grew 39.7 % to Rs 19,436.8 cr ($ 4.5 billion) from Rs 13,908.4 cr ($ 3.1 billion) in previous fiscal while the standalone revenues of M&M for the fiscal escalated by 22.3 % to Rs 11,558 cr as against Rs 9,451.4 cr in previous year.

Q4 revenue for the consolidated Mahindra group, which comprises group companies Tech Mahindra, Mahindra Finance, Mahindra Holidays and Mahindra Gesco stood at Rs 5,882.30 cr ($ 1.3 billion) is up by 40.6 % over Rs 4,183.9 cr ($ 936.8 million) last year.

The NP (PAT) for Q4 is up by 37.19 % from Rs 175.63 cr to Rs 240.94 cr in the current fiscal, sources said.

''The excellent performances from parent and group companies have well contributed to the company profits while the quarter results also include a one time exceptional charge towards an upfront payment of Rs 524.9 cr by Tech Mahindra Limited.'', said Mahindra and Mahindra Limited Managing Director Anand Mahindra.

The director board, which recommended a 25 % dividend to unit holders, also annouced a 15 % additional dividend to customers ''in view of the sucessfull listing of Tech Mahindra Limited in bourses''.

Around 39 % of the company revenues have been from non M&M companies while the group operations are being planned in each sectors as seperate autonomous entities, added Mr Mahindra.

Source: deepikaglobal.com