Mahindra Q4 net falls 27 pct in line with f'cast


MUMBAI, May 28 (Reuters) - India's biggest tractor and utility vehicle maker, Mahindra & Mahindra Ltd. , said on Monday its quarterly net profit fell 26.5 percent, in line with market forecast, due to rising interest rates and high raw-material costs. Mahindra, which is the world's fourth-largest tractor maker, said net profit fell to 2.36 billion rupees ($58.3 million) in its fiscal fourth-quarter to end-March from 3.21 billion reported a year earlier. A Reuters poll last month had ...

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