M&M Q3 net up 849% at Rs 413.7 cr

Its total income stood at Rs 4,521.4 crore as against Rs 2,929.5 crore in the same period last financial year.
“While the lower base for third quarter has had an impact on growth percentages, the financial results are nevertheless outstanding largely due to a strong sales performance by both automotive and far equipment sectors,” the firm said.
Further, it recorded a volume growth of 73.4 per cent in the utility vehicle segment from 50,602 vehicles sold in third quarter as against 29,184 vehicles sold in similar quarter of fiscal 2009.

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