Mahindra & Mahindra has posted improved gross revenue and other income of IRS5,663 crores compared to IRS4711 crores for the first quarter, an improvement of 20.2%.

Profit after tax for the current quarter was IRS562.4 crores as against IRS400.9 crores in Q1 last year – a growth of 40.3%.

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Operating Margin for the quarter was 15% as compared to 14.35% in Q1 F2010.

Mahindra & Mahindra attributed the good results to higher volumes, focused cost control, prudent financial management resulting in lower interest expenses, as well as realisation of the synergies arising from its acquisition of Punjab Tractors.

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