India's Mahindra July-Sept net profit dips; shares drop 7 pct

Newswire

* Books foreign exchange loss of 320 million rupees * Economic outlook cautious for rest of financial year * Net sales sees sharp 37.6 percent jump Mumbai, Nov 14 - Mahindra & Mahindra, India's largest utility vehicle maker, reported lower-than-expected quarterly earnings despite robust sales growth and said the economic outlook for the year was cautious, causing its shares to drop as much as 7 percent. Mahindra, whose core business also involves selling tractors, said net profit ...

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