India Mahindra Q3 net rises 67 pct on one-off gain

Newswire

MUMBAI, Jan 30 (Reuters) - Mahindra & Mahindra Ltd , India's top utility vehicle and tractor maker, on Wednesday reported a 67 percent jump in quarterly profit, helped by a one-time gain from merger of subsidiaries. Mahindra, which makes the Logan sedan in a joint venture with France's Renault , said net profit rose to 4.05 billion rupees ($103 million) in the fiscal third quarter to end-December from 2.42 billion a year earlier. That beat a forecast of 2.37 billion rupees in a ...

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