UPDATE 1-India Mahindra net up, expects to outperform sector


* Net soars 89 pct including exceptionals; 34 pct without * Accounting change, share sale boost profit * Expects to outperform industry growth of 3-5 pct (Adds reasons for profit rise, analyst view, stock price) By Janaki Krishnan MUMBAI, May 28 (Reuters) - Mahindra & Mahindra Ltd , India's top utility vehicle and tractor maker, said its quarterly profit excluding exceptional items rose by a third and it expected to outperform its rivals in the new fiscal year. Mahindra, which ...

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