Mahindra CIE Q1 net zooms to Rs 161 cr
Revenue from operations rose to Rs 2,588.36 crore for the first quarter as compared with Rs 2,189.4 crore in the January-March period of last year.
By PTI | Updated:
Agencies
New Delhi: Auto component firm Mahindra CIE Automotive on Monday posted a consolidated net profit of Rs 161.42 crore for the first quarter ended March. The company had reported a consolidated net profit of Rs 10.09 crore in the year-ago period.
Revenue from operations rose to Rs 2,588.36 crore for the first quarter as compared with Rs 2,189.4 crore in the January-March period of last year.
The company follows a January-December financial year.
The board of the Pune-based firm has also recommended a final dividend of Rs 2.5 per share of Rs 10 each for the financial year ended December 31, 2021.
Revenue from operations rose to Rs 2,588.36 crore for the first quarter as compared with Rs 2,189.4 crore in the January-March period of last year.
The company follows a January-December financial year.
The board of the Pune-based firm has also recommended a final dividend of Rs 2.5 per share of Rs 10 each for the financial year ended December 31, 2021.
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