M&M Q2 profit after tax rises 23.87% to ₹1,649 cr

NEW DELHI: Home-grown auto major Mahindra & Mahindra Ltd on Wednesday reported 23.87% jump in stand-alone profit after tax at ₹1,649.46 crore for the second quarter ended September 30. The company had posted standalone net profit of ₹1,331.57 crore in the same quarter last fiscal, M&M said in a regulatory filing. Total income during the period under review stood at ₹13,834.87 crore. It was at ₹12,745.49 crore in the year-ago quarter. Vehicle sales during the second quarter stood at 141,163 units as against 129,754 units in the same period last fiscal, a growth of 9%, the company said.