Mahindra CIE Automotive Limited : Q2CY17 Result
DSIJ Intelligence / 20 Jul 2017
Its operating profit (EBIT) for the quarter amounted to Rs 42.7 crore and its EBIT margin stood at 8.48 per cent.
Mahindra CIE Automotive Limited reported its results for the quarter ended June 30, 2017 today.
The company's total sales for Q2CY17 came in at Rs 503.74 crore, which represents a 1.7 percent sequential decline and 12.37 percent YoY increase.
Its operating profit (EBIT) for the quarter amounted to Rs 42.7 crore and its EBIT margin stood at 8.48 per cent.
The company reported PAT of Rs 17.64 crore, which represents a sequential QoQ increase of 6.07 percent and a YoY increase of 56.66 per cent.
The company's stock opened at Rs 252 on the BSE, fell 1.97 per cent intra-day and closed at Rs.244.
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