Mumbai May 29 (IANS) Mahindra and Mahindra on Tuesday reported a rise of more than 70 per cent in its standalone net profit for the fourth quarter of 2017-18.
According to the company its standalone net profit during the quarter under review increased to Rs 1 059 crore from Rs 622 crore reported for the corresponding period of 2016-17.
In terms of the financial year M&M s net profit rose 19.57 per cent in its standalone net profit to Rs 4 356 crore from Rs 3 643 crore earned during the previous fiscal.
"The Board of Directors has recommended a post bonus dividend of Rs 7.50 (150 per cent) per share of face value Rs 5 and will be paid to those shareholders whose names stand registered in the books of the company as on the book closure date " the company said in a statement.

--IANS rv/vd