Mahindra CIE Automotive consolidated net profit declines 28.15% in the December 2021 quarter

23 Feb 2022 , 08:01 AM

Net profit of Mahindra CIE Automotive declined 28.15% to Rs 80.23 crore in the quarter ended December 2021 as against Rs 111.67 crore during the previous quarter ended December 2020. Sales rose 5.44% to Rs 2064.15 crore in the quarter ended December 2021 as against Rs 1957.64 crore during the previous quarter ended December 2020.

For the full year,net profit rose 269.11% to Rs 392.84 crore in the year ended December 2021 as against Rs 106.43 crore during the previous year ended December 2020. Sales rose 38.62% to Rs 8386.71 crore in the year ended December 2021 as against Rs 6050.11 crore during the previous year ended December 2020.

Particulars	Quarter Ended	Year Ended
?	Dec. 2021	Dec. 2020	% Var.	Dec. 2021	Dec. 2020	% Var.
Sales	2064.15	1957.64	5	8386.71	6050.11	39
OPM %	9.80	12.63	–	12.13	8.29	–
PBDT	208.06	249.11	-16	1020.86	501.48	104
PBT	125.34	160.92	-22	677.78	195.08	247
NP	80.23	111.67	-28	392.84	106.43	269

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