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Mahindra & Mahindra (M&M), has reported a rise of 21.97% in its YoY net profit at Rs.1,410.86 for the quarter ended September 30, against Rs.1,156.7 crore in the corresponding quarter last year.
Revenues during the period under review, increased by 19.4% at Rs.12,018 crore against Rs.10,065 crore year on year.
At operational level, the earnings before interest, taxes, depreciation and amortization (EBITDA) rose 35.1 % at Rs.1,923.4 crore against Rs.1,423.6 crore last year.
Further, the company’s board has also approved a bonus issue in the ratio of 1:1.
