Mahindra and Mahindra (M&M) has reported a net profit of Rs 735 crore for the quarter ended December 2010, up 78% as compared to Rs 414 crore in same quarter the previous year.
The company earned exceptional gain of Rs 117 crore from long-term investments.
Revenues were up by 36% to Rs 6,074 crore from Rs 4,479 crore (YoY).
M&M converted USD 171.6 million worth of Foreign Currency Convertible Bond (FCCBs) into equity in third quarter of FY11.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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