NEW DELHI: Mahindra & Mahindra (M&M) on Friday reported a 60 per cent YoY jump in consolidated profit at Rs 1,476 crore.Analysts in an ET Now poll had projected a profit of Rs 981 crore.Other income stood at Rs 340.93 crore in December quarter against Rs 98.28 crore in the year-ago period. This included Rs 203.56 crore in dividends from subsidiaries, associates and joint ventures.The tractor maker had reported Rs 920 crore profit in the year-ago period.Total income for the quarter rose 14 per cent to Rs 13,235 crore compared with Rs 11,594 crore in the same quarter last year.Operating profit margin fell to 13.2 per cent from 14.7 per cent in the same quarter last year. "Global expansion has weakened and risks to global growth have tilted to the downside. Escalation of trade tensions beyond those already anticipated and tightening of financial conditions are a key source of risk to the outlook. Improving credit growth and liquidity conditions should also help give a fillip to growth, it said.

Source: Economic Times February 08, 2019 08:19 UTC