Mahindra & Mahindra on Wednesday reported 12.36 per cent increase in standalone net profit at Rs 955.21 crore for the first quarter ended June 30, 2016-17. It had posted standalone net profit of Rs 850.09 crore in the same quarter of last fiscal, M&M said in a BSE filing. Total revenue during the quarter under review stood at Rs 11,942.9 crore as against Rs 0,470.86 crore in the year-ago period, up 14 per cent.
The company said it sold 1,10,959 vehicles during the April-June period of this fiscal, up 9.7 per cent from the year-ago period. Utility vehicles sales were up 13 per cent at 55,909 units. Tractor sales during the first quarter stood at 71,785 units, up 21 per cent from the corresponding period last fiscal, M&M said.