New Delhi, July 30 -- In a tale of contrasts, India's second-largest carmaker Mahindra & Mahindra (M&M) reported double-digit surge in revenue and profit in the April-June quarter, while third-placed Hyundai Motor India saw revenue growth stall and net profit fall sharply, even as M&M further cemented its lead over the Korean major in terms of vehicle sales.

M&M's consolidated net profit rose 37% year-on-year (y-o-y) to Rs.5,998 crore while revenue grew 28% to Rs.58,187 crore. In contrast, Hyundai's revenue declined 0.5% to Rs.16,334 crore while profit after tax fell 35% to Rs.889 crore.

M&M and Hyundai are the first among listed passenger vehicle makers to report April-June results. Tata Motors and Maruti Suzuki India are scheduled to ...