Mahindra and Mahindra Ltd. has registered 23.7% Gross Revenue & Other Income for the financial quarter that ended on 30th June 2012. This is an increase to 17,670.8 crore from 14,281.1 crore in Q1 of the previous financial year. These stats are in relation to gross revenue and other income pertaining to Mahindra and Mahindra Ltd.
Consolidated group profit for this quarter was 55% more than the previous year in this same period. The amount was Rs. 1,026.4 crore as compared to Rs. 662.3 crore in the same quarter last year. Major group companies of Mahindra have subsequently improved their performances as compared to last year.
Consolidated revenue and profit of Mahindra finance was 52% and 64%, 31% and 56% for Mahindra Satyam while Mahindra Lifespaces registered a 28% increase in revenue and 72% in profits. 115 subsidiaries, 6 joint ventures and 11 associates make up the Mahindra group. Summation of gross revenues and profit of M&M for Ql FY2013amounts to Rs. 20476.9 crore and 1405.3 crore respectively.
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