UPDATE 1-India's Mahindra Q1 net profit vs loss

Newswire

(Adds analysts, company comments; details; closing share price) By Arif Sharif NEW DELHI, July 29 (Reuters) - India's biggest tractor and utility vehicle maker, Mahindra & Mahindra Ltd, posted on Monday a first-quarter net profit compared with a loss a year earlier as sales surged and its operating margin nearly tripled. Bombay-based Mahindra said April-June net profit totalled 77.98 million rupees ($1.6 million) -- in line with market forecasts -- compared with a 296.2 million ...

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