QUARTERLY LEDGER

November 2017 \ Business & Investment \ BUSINESS AND GOVERNANCE

Q2 Rs 1,331.57 crore for Mahindra

Automobile major Mahindra & Mahindra (M&M) has reported an increase of 24.79 per cent in its standalone net profit for the second quarter (Q2) of 2017-18. According to the company, its standalone net profit during the quarter under review increased to Rs 1,331.57 crore from Rs 1,067.03 crore reported in the corresponding period of 2016-17.

Q3 Rs 273 crore profit for R-Power

Reliance Power Limited, a Reliance Group company, posted a net profit of Rs 273 crore for the third quarter (July-September) of 2017-18, a company statement said. The company had posted a net profit of Rs 272 crore for the corresponding quarter in 2016-17. The total income of the company stood at Rs 2,380 crore for the third quarter of 2017-18.