The result was announced during trading hours today, 13 August 2012. The stock recovered from the intraday low after result announcement. The stock had fallen as much as 1.10% at the day's low of Rs 730.55.

Meanwhile, the BSE Sensex was up 18.77 points, or 0.11%, to 17,576.51.

On BSE, 58,000 shares were traded in the counter as against an average daily volume of 1.06 lakh shares in the past one quarter.

The stock hit a high of Rs 740.10 and a low of Rs 730.55 so far during the day. The stock had hit a record high of Rs 874.75 on 28 October 2011. The stock had hit a 52-week low of Rs 621.75 on 18 May 2012.

The stock had outperformed the market over the past one month until 10 August 2012, rising 0.66% compared with the Sensex's 0.34% fall. The scrip had also outperformed the market in past one quarter, gaining 11.71% as against 6.93% rise in the Sensex.

The large-cap company has an equity capital of Rs 306.99 crore. Face value per share is Rs 5.

Mahindra & Mahindra's (M&M) consolidated profit after deducting minority interest jumped 55% to Rs 1026.40 crore on 23.7% growth in gross revenue plus other income to Rs 17670.80 crore in Q1 June 2012 over Q1 June 2011.

M&M said in a statement that during the current quarter, some of the major group companies like Mahindra Finance, Mahindra Satyam and Mahindra Lifespaces significantly improved their performance over Q1 June 2011. Mahindra Finance grew its consolidated revenue by 52% and its profit by 64%, Mahindra Satyam's consolidated revenue grew by 31% with a 56% increase in its profits and Mahindra Lifespaces revenues grew 28% with a profit growth of 72%.

As on 30 June 2012, the group comprised of 115 subsidiaries, 6 joint ventures and 11 Associates. A full summation of gross revenues and other income of all group companies taken together for the three months ended 30 June 2012 is Rs 20476.90 crore and of profit before minority interest Rs 1405.30 crore.

M&M is India's premier utility vehicles and farm-equipment company.