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New Delhi, Jul 30: Mahindra and Mahindra (M&M) on Wednesday, July 30 said it has registered 16.67 per cent decline in net profit at Rs 159.30 crore for the quarter ended June 2008, compared to Rs 191.17 crore for the same period a year ago.

The total income, however, has increased 25.99 per cent to Rs 3,331.80 crore for Q1 FY09 from Rs 2,644.38 crore for the corresponding quarter previous fiscal, the company said in a statement. The group has posted a net profit of Rs 409.53 crore for the April-June, 2008 as compared to Rs 299.57 crore for the same period last year, indicating a jump of 36.70 per cent. The gross revenue also increased 29 per cent to Rs 7,557.30 crore in the first quarter fiscal 2008-09 from Rs 5,858.22 crore in the same quarter previous fiscal.


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