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The Times of India

Business

PTI

M&M Q1 consolidated profit after tax at Rs 2,361 crore

Anish Shah Mahindra Mahindra Rajesh Jejurikar MM New Delhi

NEW DELHI: Mahindra & Mahindra on Friday reported a consolidated profit after tax of Rs 2,361 crore in the first quarter ended June, driven by strong performance of its automotive and farm sector segments.

The company, which had posted a consolidated loss after tax of Rs 332 crore in the year-ago period, said the semiconductor shortage issue that has impacted its auto sector in the last couple of years, is largely behind, and it is too early to comment on the impact of the Taiwan crisis on the same.

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