M&M Q1 net profit at Rs 299.6cr

Mahindra and Mahindra (M&M) has come out with first quarter numbers. It has reported consolidated net profit of Rs 299.6 crore for first quarter compared to Rs 290 crore in corresponding quarter of previous year.

Standalone net profit stood at Rs 191.17 crore as against Rs 204.18 crore and net sales at Rs 2,612.78 crore versus Rs 2,236.25 crore.

According to CNBC-TV18 estimates, the company was expected to post net profit of Rs 205.7 crore and net sales of Rs 2493 crore.

Result (Rs cr)	Jun-07	Mar-07	Dec-06	Sep-06	Jun-06
Gross Sales	2941.22	3141.14	2901.55	2817.21	2503.14
Excise Duty	-328.45	-393.70	-325.49	-326.71	-266.89
Net Sales	2612.78	2747.45	2576.06	2490.50	2236.25
Other Income	31.61	35.37	41.24	72.92	45.44
Total Income	2644.39	2782.81	2617.30	2563.42	2281.69
Expenditure	-2335.69	-2434.04	-2266.43	-2120.90	-1966.04
Operating Profit	308.70	348.78	350.87	442.52	315.65
Interest	5.12	20.50	16.76	15.53	14.66
Gross Profit	313.81	369.27	367.64	458.05	330.31
Depreciation	-57.10	-60.94	-52.22	-50.14	-46.29
Profit before Tax	256.72	308.33	315.42	407.92	284.02
Tax	-63.96	-80.44	-73.10	-137.40	-78.35
Profit after Tax	192.76	227.90	242.32	270.52	205.67
Extraordinary Items	-1.59	8.15	-0.63	115.96	-1.49
Net Profit	191.17	236.04	241.69	386.48	204.18
Equity Capital	238.16	238.03	237.14	236.62	236.58