India Mahindra's June qtr net up 40 pct; beats f'cast

Newswire

MUMBAI, July 28 (Reuters) - Mahindra & Mahindra , India's largest utility vehicles maker, on Wednesday beat forecasts with a 40 percent rise in fiscal first quarter profit driven by increasing demand in a fast-growing auto market. The company, which is also India's leading tractor maker, reported a June quarter net profit of 5.62 billion rupees ($121 million) compared to 4.01 billion year-ago and 5.02 billion rupees estimated in a Reuters poll of analysts. [ID:nSGE66L09V] Mahindra, ...

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