India's Mahindra Q4 net up 1.7 pct, beats forecasts

Newswire

MUMBAI, May 30 (Reuters) - Mahindra & Mahindra Ltd , India's biggest utility vehicle manufacturer, posted a forecast beating 1.7 percent rise in net profit for the three months ended March, helped by higher sales. Mahindra, also the world's largest tractor company by sales volume, said profit for the fiscal fourth quarter was 8.89 billion rupees ($158.23 million), against 8.74 billion rupees a year earlier. Net sales increased 12 percent to 103.5 billion ...

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