India's Mahindra Q2 net profit falls 26 pct


NEW DELHI, Oct 29 (Reuters) - Mahindra & Mahindra Ltd , India's top utility vehicle and tractor maker, on Monday reported a 26 percent fall in quarterly profit on lower sales of tractors and a firm rupee that hurt export earnings. Mahindra, which makes the Logan sedan in a joint venture with France's Renault , said net profit fell to 2.86 billion rupees ($73 million) in the fiscal second quarter to end-September from 3.87 billion reported a year earlier. That was above a forecast of ...

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