India's Mahindra Q4 net doubles on share sale

Newswire

MUMBAI, May 29 (Reuters) - India's biggest tractor and utility vehicle maker, Mahindra & Mahindra Ltd. , reported on Monday its quarterly profit more than doubled on sale of shares in a finance unit. Mahindra, which has about 30 percent of India's tractor market, the world's biggest by volume, said net profit rose to 3.21 billion rupees ($70 million) in its fiscal fourth-quarter to end-March from 1.53 billion rupees a year earlier. The latest profit included a one-time gain of 1.68 ...

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