Mahindra and Mahindra Q3 results announced

Mahindra and Mahindra announced the Q3 results for the financial year 2015. The results show the company's growth by 5.7 per cent to Rs 967 crore. The unaudited financial results for the quarter ended 31st December 2014 were announced by the Board of Directors of Mahindra and Mahindra Limited (the Company or M&M).

With an aim of sourcing contemporary products for extending the market offerings of the company, Mahindra Vehicle Manufacturers Limited (MVML) was set up as a 100 per cent subsidiary of the company. It is a critical part of its business and the combined results of M&M and MVML (Combined Entity) provide a comprehensive view of the company’s performance.

The combined market capitalization of the listed entities within the Group (including the Company) sums up to Rs 1,74,768 crore (USD 28.6 billion) as on February 12, 2015. The gross revenues and other income of the combined entity for the quarter ended 31st December 2014 is Rs 10,087 crore as against Rs 11286 crore in Q3 of the previous year. The profit before tax for the current quarter is Rs 1,139 crore as against Rs 1,188 crore in Q3 of the previous year. The net profit after tax grew by 5.7 per cent from Rs 914 crore in Q3 of the previous year to Rs 967 crore for the current quarter.

As on 31st December 2014, the Group comprised of 110 subsidiaries, seven joint ventures and 16 associates. A full summation of gross revenues and other income of all the group companies (including the Company) taken together for the YTD period ended 31st December 2014 is Rs. 77300 crore (USD 12.7 billion).