Mahindra and Mahindra has recorded a splendid 145% rise in net profit for Quarter 1 of 2004-05 fiscal year at Euro 18.26 million (INR 1.04 billion) against Euro 7.47 million (INR 425 million) in the corresponding quarter of the previous fiscal. Net revenue from operations increased 42 % to Euro 250.12 million (INR 14.232 billion) from Euro 176.3 million (INR 10 billion).