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Mahindra & Mahindra's Consolidated Profit Rises in Fiscal Q4

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Mahindra & Mahindra's (NSE:M&M, BOM:500520) consolidated attributable profit rose to 46.7 billion Indian rupees in the fiscal fourth quarter ended March 31, from 33.0 billion Indian rupees a year ago.

Earnings per share climbed to 41.48 rupees from 29.04 rupees a year earlier, the auto-to-defense manufacturing conglomerate said in a filing to the Indian stock exchanges on Tuesday.

Revenue from operations in fiscal Q4 also increased to 549.8 billion rupees from 426.0 billion rupees a year ago.

The company's board recommended a final dividend of 33 rupees per ordinary equity share of the face value of 5 rupees each for the financial year ended March 31.

The company's shares were up nearly 1% in recent trade.

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