(not subjected to Limited Review by Auditors)
-
Gross Revenue & Other Income grows by 23.7%
-
Consolidated Group Profit grows by 55.0%
The Gross Revenue and Other Income for the quarter ended
30th June 2012 grew by 23.7% to Rs.
17,670.8 crore (USD 3.5 billion) from Rs. 14,281.1 crore
(USD 2.8 billion) in Q1 previous year. The consolidated
group profit for the quarter ended 30th June 2012 after
deducting minority interests is Rs. 1,026.4 crore (USD
204.8 million) against Rs. 662.3 crore (USD 132.1 million)
in Q1 previous year - a growth of 55.0%.
During the current quarter, some of the major group
companies like Mahindra Finance, Mahindra Satyam and
Mahindra LifeSpaces significantly improved their
performance over Q1 previous year. Mahindra Finance grew
its consolidated revenue by 52% and its profit by 64%,
Mahindra Satyam's consolidated revenue grew by 31% with
a 56% increase in its profits and Mahindra Lifespaces
revenues grew of 28% with a profit growth of 72%.
As on 30th June 2012, the Group comprised of 115
Subsidiaries, 6 Joint Ventures and 11 Associates. A full
summation of Gross Revenues and other income of all the
group companies taken together for the three months ended
30th June 2012 is Rs. 20476.9 crore (USD 4.1 billion) and
of Profits before Minority Interest Rs. 1405.3 crores (USD
280.4 million).
Note: Translation of rupee to dollar is a convenience
translation at the average exchange rate for the twelve
month period ended 30th June, 2012.
About The Mahindra Group
The Mahindra Group focuses on enabling people to rise.
Mahindra operates in the key industries that drive economic
growth, enjoying a leadership position in tractors, utility
vehicles,
information technology and vacation ownership.
Mahindra has a presence in the automotive
industry, agribusiness, aerospace, components,
consulting services, defence, energy,
financial services, industrial equipment,
logistics, real
estate, retail, steel and two
wheelers.
A USD 15.4 billion multinational group based in Mumbai,
India, Mahindra employs more than 144,000 people in over
100 countries. In 2011, Mahindra featured on the Forbes
Global 2000 list, a listing of the biggest and most
powerful listed companies in the world. Dun & Bradstreet
also ranked Mahindra at No. 1 in the automobile sector in
its list of India's Top 500 Companies. In 2010, Mahindra
featured in the Credit Suisse Great Brands of Tomorrow. In
2011, Mahindra acquired a majority stake in Korea's
SsangYong Motor Company.
www.mahindra.com
For further enquiries
Roma
Balwani
Senior VP & Group Head - Corporate
Communication
Mahindra & Mahindra
Ltd
Phone: +91 22 2490
1441
Email: balwani.roma@mahindra.com
Recommend:
