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M&M Q4 PAT at Rs 1,635 crore; FY21 profit at Rs 3,702 crore

For the entire 2020-21 fiscal year, the company reported a consolidated PAT of Rs 3,702 crore as compared with Rs 2,713 crore in 2019-20

Mahindra & Mahindra's (M&M) board also gave its nod to the highest-ever dividend of Rs 8.75 per share for the financial year ended March 2021, to commemorate its 75th year in business Mahindra & Mahindra's (M&M) board also gave its nod to the highest-ever dividend of Rs 8.75 per share for the financial year ended March 2021, to commemorate its 75th year in business

Mahindra & Mahindra (M&M), on Friday, posted a combined consolidated profit-after-tax (PAT) of Rs 1,635 crore for the March quarter of 2020-21 (Q4FY21).

The home-grown farm equipment and utility vehicles major had registered a consolidated net loss from continuing operations of Rs 588 crore in the same period of the last fiscal, M&M said in a regulatory filing.

The company's board also gave its nod to the highest-ever dividend of Rs 8.75 per share for the financial year ended March 2021, to commemorate its 75th year in business. The consolidated revenue from operations stood at Rs 21,456 crore during the January-March quarter under review as against Rs 16,315 crore in the corresponding period of the last fiscal, it added.

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For the entire 2020-21 fiscal year, the company reported a consolidated PAT of Rs 3,702 crore as compared with Rs 2,713 crore in 2019-20.

Revenue from operations stood at Rs 74,278 crore for the financial year, as against Rs 75,382 crore in 2019-20.

On a standalone basis, the automaker reported a PAT of Rs 48 crore for the fourth quarter ended March 31, 2021. The Mumbai-based firm reported a net loss of Rs 2,502 crore in the March quarter of FY20.

Also Read: Lockdown impact: M&M sales decline 10% over March to 36,437 units in April

The revenue from operations during the quarter stood at Rs 13,512 crore as against Rs 9,144 crore in the same quarter of FY20.

"Our associates deserve all the credit for an outstanding performance in a tough year. Our primary focus has been "people first", keeping our associates and our communities safe. We have delivered our promise on capital allocation actions and have seen very positive results. We are now focused on growth... across our core businesses, growth gems and digital platforms," M&M Managing Director and CEO Anish Shah said.

(With inputs from PTI.)