M&M Q4 misses Street estimates, PAT at Rs 584 crore, up 6%; margins expand to 9.8%

NEW DELHI: Mahindra & Mahindra reported a net profit growth of 6.02 per cent for the quarter ending March 31, 2016 to Rs 583.73 crore.

The company had reported net profit of Rs 550.56 crore in the same quarter last fiscal.

The total revenue for the quarter under review stood at Rs 10,666.43 crore as against Rs 9,288.88 crore in the same period a year ago, signifying a jump of 14.83 per cent.

Margins for the quarter stood at 9.8 per cent versus 9.4 per cent (YoY).

The company had a one-time gain of 5.9 crore.

Earnings before interest, tax, depreciation and amortisation (EBITDA) stood at Rs 1,049 crore for the quarter under review, up 16.6 per cent (YoY).

The company has offered a final dividend of Rs 12 per equity share with face value of Rs 5.