India's Mahindra Q1 net profit vs loss

Newswire

NEW DELHI, July 29 (Reuters) - India's largest tractor and utility-vehicle maker, Mahindra & Mahindra Ltd, reported on Monday a net profit of 77.98 million rupees ($1.6 million) for April-June versus a loss of 296.2 million rupees a year earlier. After the announcement, Mahindra's shares were down 2.1 percent at 92 rupees on the Bombay Stock Exchange, whose benchmark index was down 1.1 percent. Bombay-based Mahindra said in a statement it earned 0.67 rupees per share in the first ...

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