UPDATE 2-Mahindra Q2 net profit rises, cautious on outlook

Newswire

(Adds comments, closing share price) By Rina Chandran MUMBAI, Oct 26 (Reuters) - Mahindra & Mahindra Ltd. , India's top tractor and utility vehicle maker, posted a better-than-expected 27 percent rise in quarterly profit on Wednesday on strong exports and tractor sales. But as with other vehicle makers, Mahindra, the world's number-four tractor maker, was cautious about the rest of the year because of rising fuel prices and interest rates. Operating margin, a key efficiency gauge, ...

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