Mahindra & Mahindra Q2 net up on tractors, exports

Newswire

MUMBAI, Oct 26 (Reuters) - India's biggest tractor and utility vehicle maker, Mahindra & Mahindra Ltd. , on Wednesday reported a better-than-expected 27 percent rise in quarterly profit as strong exports and tractor sales outweighed higher costs for materials from steel to rubber. Mahindra, which has more than a quarter of India's tractor market, the world's biggest by volume, said net profit rose to 1.57 billion rupees ($35 million) in its second quarter to end-September from 1.24 ...

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