UPDATE 1-India's Mahindra Q3 net up 75 pct, beats f'cast

Newswire

(Adds details, share price) MUMBAI, Jan 31 (Reuters) - Mahindra & Mahindra Ltd. , India's top tractor and utility vehicle maker, posted a better-than-expected 75 percent rise in quarterly profit on Tuesday on strong tractor sales and a one-time income. "We are seeing a trend of easing input costs, but we are living in a time of volatility so we will continue to focus on cutting costs and on higher sales," Bharat Doshi, executive director, told reporters at a news conference. Steel ...

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