Mahindra and Mahindra (M&M) has registered a 50% YoY growth in its net profit at Rs.1,155 crore, for the quarter ended March 31,2018.

The company’s net profit in the year-ago period came in at Rs.770 crore. Its revenue for the quarter under review rose 26% on year to Rs.13,189 crore. Earnings before interest, tax, depreciation and amortisation (EBITDA) rose over 70% over the same period to Rs.1,995 crore.

M&M’s EBITDA margin expanded by 400 basis points on year to 15.1%. Further, the company’s board has recommended a post bonus dividend of Rs.7.50 per share.

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