UPDATE 1-India's Mahindra Q2 profit revs up on sales

Newswire

(Adds details, share price) BOMBAY, Oct 28 (Reuters) - Mahindra & Mahindra Ltd. (M&M) , India's largest utility vehicle and tractor maker, said on Thursday its second quarter net profit jumped an expected 68.5 percent on the year on strong sales. But while the economic outlook appeared robust, the company said factors such as inflation and high oil prices could act as a dampener in the rest of the year. The leader in the world's largest tractor market said net profit in its ...

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