M&M Q3 net up at Rs 131 cr

Utility vehicle and tractor maker Mahindra & Mahindra on Monday posted a 52.36 per cent jump in net profit at Rs 131.18 crore (Rs 1.31 billion) for the third quarter ending December 31, 2004 compared to Rs 87.41 crore (Rs 874.1 million) for the corresponding period last fiscal.

The total income rose by 33.15 per cent during the period under review to Rs 1,794.51 crore (Rs 17.94 billion) as against Rs 1,347.66 crore (Rs 13.47 billion) in the third quarter last fiscal, the company informed the Bombay Stock Exchange.

On the outlook for the remaining part of this fiscal, the company said the macro-economic indicators continue to be positive, which augured well for a demand-led growth.

The pressure from rising steel and other input prices is expected to continue and the focus is expected to be on cost and process efficiencies, it said.