RPT-UPDATE 2-India's Mahindra Q1 profit up 41 pct, shares jump

Newswire

(Repeats story issued late on Wednesday) (Adds detail, comments) By Rina Chandran MUMBAI, July 26 (Reuters) - India's biggest tractor and utility-vehicle maker, Mahindra & Mahindra Ltd. , posted better-than-expected quarterly net profit on Wednesday on strong sales and exports, lifting its shares nearly 7 percent. Mahindra, which has about 30 percent of India's tractor market, the world's biggest by volume, said net profit rose 41 percent to 2.04 billion rupees ($43.6 million) in ...

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Jul 26, 2016
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