Mahindra and Mahindra Q2 net profit dips 88 pc at Rs 162 cr
Mahindra & Mahindra (M&M) on Tuesday reported a 88 per cent drop in its profit after tax to Rs 162 crore for the second quarter ended September 30, mainly on account of the impairment provision of Rs 1,149.46 crore for certain long-term investments.
Mahindra and Mahindra along with one unit -- Mahindra Vehicle Manufacturers Ltd (MVML) -- had reported a PAT of Rs 1,355 crore during the July-September period last fiscal.