RPT-UPDATE 2-Mahindra says profit falls but outlook is good


(Adds profit excluding exceptional items in para 5) MUMBAI, May 28 (Reuters) - Mahindra & Mahindra Ltd. , India's biggest tractor and utility vehicle maker, said on Monday quarterly profit fell 26.5 percent, in line with expectations, on lower exceptional income and as higher interest rates weighed. Mahindra & Mahindra, the world's fourth-largest tractor maker, expected to grow 8-12 percent in the fiscal year that began on April 1, said Pawan Goenka, president of the company's ...

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