M&M revenue falls 94%


New Delhi, August 7

Homegrown diversified group Mahindra & Mahindra (M&M) on Friday reported 94% decline in consolidated revenue at Rs 54.64 crore for June quarter 2020, adversely impacted by the Covid pandemic.

The firm had posted a revenue after tax of Rs 894.11 crore in the identical interval final fiscal, M&M stated in a regulatory submitting.

Revenue from operations throughout the quarter underneath evaluate stood at Rs 16,321.34 crore as in opposition to Rs 26,041.02 crore within the year-ago interval, down 37%, it added.

The automotive phase posted income of Rs 6,508.6 crore within the first quarter, down from Rs 13,547.84 crore in the identical interval a 12 months in the past, the corporate stated. — PTI



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