Tractor Sales Pull Profits Up for India's Mahindra & Mahindra

Newswire

* Q2 net profit 9.9 bln rupees vs 8.8 bln rupee est * Net sales down 9 percent * Strong monsoon rains to boost rural demand * Shares gain to 2.1 percent (Adds details on SUVs, sales, analyst comment, shares) Nov 13 (Reuters) - Mahindra and Mahindra Ltd, India's largest utility vehicle maker, posted a better-than-expected 10 percent rise in second-quarter profit as strong demand for its tractors made up for slowing SUV sales. India still relies on monsoon rains to irrigate ...

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