Mahindra and Mahindra (M&M) Ltd. reported their quarterly result of the current fiscal year with their profit levels up by 67% to Rs. 1257 crore, in comparison to Rs.752 crore of the previous year’s same period.

Total revenue rose to Rs.13551 crore during the June end quarter of current fiscal period  from Rs.11006 crore of last year’s quarter, registering a 23% increase.

Company also exported 9360 vehicles in the Q1 FY19, which is a 100% growth as compared to last year’s June end quarter.

The company also said in the BSE filing that the demand in both urban and rural remains stable. However the recently introduced and anticipated tariff by the US government and retaliatory measures by the trading partners have extended the likelihood of escalating trade actions.

After the release of the  financial report the stock prices opened up to the positive direction but then took a swing and went downwards till the end of trading session.

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