India's TELCO posts $5.8 mln profit, above f'cast

Newswire

NEW DELHI, July 25 (Reuters) - India's largest truck maker Tata Engineering and Locomotive Co Ltd (TELCO) posted on Thursday a net profit of 280.3 million rupees ($5.76 million) for April-June, compared to a loss of 989 million a year earlier. Net profit well exceeded the median estimate of 193 million rupees in a Reuters poll of six brokerages, although estimates had ranged from 44.7 million rupees to 435 million. This is Bombay-based TELCO's second straight quarterly profit after ...

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