Mahindra CIE’s 2017 PAT more than doubles y/y to USD56.1 million
Full-year revenue up 20.6% y/y
Mahindra CIE’s profit after tax (PAT) more than doubled year-over-year (y/y) to INR3.58 billion (USD56.1 million) in the financial year ended 31 December 2017, the company said in a regulatory filing on 20 February. The company reported higher PAT as revenue increased 20.6% y/y to INR66.8 billion. Higher revenue also helped Mahindra CIE record profit before tax (PBT) to INR5.07 billion, up 93.8% y/y.
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