New Delhi, Apr 25 (PTI) Auto component firm Mahindra CIE Automotive on Monday posted a consolidated net profit of Rs 161.42 crore for the first quarter ended March.

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The company had reported a consolidated net profit of Rs 10.09 crore in the year-ago period.

Revenue from operations rose to Rs 2,588.36 crore for the first quarter as compared with Rs 2,189.4 crore in the January-March period of last year.

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The company follows a January-December financial year.

The board of the Pune-based firm has also recommended a final dividend of Rs 2.5 per share of Rs 10 each for the financial year ended December 31, 2021.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)