M&M Q4 net up 44 pct, beats forecast
INDIA-MAHINDRA-RESULTS:M&M Q4 net up 44 pct, beats forecast
REUTERS - Mahindra & Mahindra Ltd
Mahindra, one of the world's biggest tractor manufacturers, said on Wednesday net profit for the March quarter was 8.74 billion rupees, against 6.06 billion rupees a year earlier.
Net sales rose 39 percent to 92.4 billion rupees.
Analysts on average expected profit of 6.20 billion rupees on revenues of 82.6 billion rupees, according to Thomson Reuters I/B/E/S.
(Reporting by Henry Foy in MUMBAI; Editing by Ranjit Gangadharan)