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(PTI) Mahindra &amp; Mahindra Ltd on Friday reported a consolidated profit after tax of ₹2,360.70 crore in the first quarter ended June 30, driven by strong performance of its automotive and farm sector segments.

The company had posted a consolidated loss after tax of ₹331.74 crore in the year-ago period, M&amp;M said in a regulatory filing.

Revenue from operations increased to ₹28,412.38 crore in the first quarter this fiscal, as compared to ₹19,171.91 crore in the corresponding period a year ago, it added.

Total expenses during the quarter were higher at ₹26,195.01 crore, as against ₹20,286.24 crore in the same period a year ago, the company said.

The automotive segment clocked revenue of ₹12,740.94 crore in the quarter, up from ₹6,316.79 crore in the same period last fiscal.

In volume terms, the company said it sold 1,49,803 vehicles in the quarter under review, as compared to 85,858 vehicles in the year-ago period, a growth of 74 per cent.

The farm equipment vertical had a revenue of ₹8,427.66 crore, as compared to ₹7,188.74 crore in the year-ago quarter, the company said.

Tractor sales were at 1,17,413 units in the quarter under review, as compared to 99,127 units in the same period a year ago, up 18 per cent.

"We saw good momentum across all our group companies, led by the strong results of the auto and farm sector," M&amp;M Ltd Managing Director &amp; CEO Anish Shah said.

The financial services segment registered ₹2,876.61 crore revenue in the first quarter, up from ₹2,530.15 crore in the same period a year ago, while the hospitality vertical clocked revenue ₹613.19 crore, up from ₹393.76 crore in the same period last fiscal, it added.

Real estate vertical, however, clocked lower revenue at ₹94.82 crore as compared to ₹149.51 crore in the same period last fiscal.

M&M Q1 consolidated profit after tax at ₹2,360.70 crore

M&amp;M had posted a consolidated loss after tax of ₹331.74 crore in the year-ago period, M&amp;M said in a regulatory filing.

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