Mahindra net profit at Rs 831 crore

Mahindra Group announced the unaudited financial results for the quarter ended June 30, 2015. The gross revenues and other income of the combined entity for the quarter is Rs 10,474 crore as against Rs 10,734 crore in the corresponding quarter of the previous year. The profit before tax for the current quarter is Rs 1,149 crore as against Rs 1,202 crore in the corresponding quarter of the previous year. The net profit after tax for the current quarter is Rs 831 crore as against Rs 896 crore in the corresponding quarter of the previous year. The net profit before tax for the current quarter is Rs 1,149 crore as against Rs 1,108 crore (after adjusting for one time gain) in the corresponding quarter of the previous year – a growth of 3.7 per cent. The net profit after tax for the current quarter is marginally lower at Rs 831 crore as against the adjusted Rs 834 crore in the corresponding quarter of the previous year.