M&M’s Q3 standalone net profit up 12.5%

Mumbai: Mahindra & Mahindra on Friday reported a 12.49 per cent rise in its standalone net profit for the third quarter (Q3) of 2017-18.

The company reported a net profit of Rs 1,215.91 crore in Q3 2017-18, up from Rs 1,080.85 crore reported during the corresponding period of FY17, it said.

Total income of the company, however, declined 2.34 per cent during the quarter under review, to Rs 11,674.37 crore, from Rs 11,954.76 crore earned in Q3, 2016-17, the company said in regulatory filing to the BSE.