The company had posted a net profit of Rs 896.88 crore in the corresponding period of the previous fiscal, Mahindra & Mahindra said in a filing to BSE.
Net sales during the period under review stood at Rs 9,411.52 crore as against Rs 10,837.89 crore in the year-ago quarter, down 13.16 percent. In the fourth quarter, Mahindra & Mahindra along with its wholly-owned arm Mahindra Vehicle Manufacturers Ltd (MVML) sold 57,027 utility vehicles, while tractor sales stood at 34,682 units, the company said.
For the full fiscal ended March 31, 2015, the company's consolidated net profit stood at Rs 3,137.47 crore as against Rs 4,666.93 crore in the previous fiscal, down 32.77 percent.Net sales on a consolidated basis in 2014-15 were at Rs 70,797.87 crore as compared to Rs 72,758.77 crore in the previous year, down 2.69 percent.
The board of directors of the company has recommended a dividend of Rs 12 per share of face value of Rs 5, which will absorb a sum of Rs 846.89 crore, inclusive of tax, it added.
"The prevailing economic conditions combined with subdued consumer interest affected performance of companies in the group," Mahindra & Mahindra said.

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