Carmaker Mahindra and Mahindra Ltd reported a smaller-than-expected rise in third-quarter profit on Friday, as higher expenses offset strong demand for its passenger cars.
Carmaker Mahindra and Mahindra Ltd reported a smaller-than-expected rise in third-quarter profit on Friday, as higher expenses offset strong demand for its passenger cars.
Mahindra, which is known for XUV, Thar and Scorpio cars, said profit rose to 15.28 billion rupees ($185.2 million) in the three months ended Dec. 31, from 13.35 billion a year earlier.
Analysts were expecting a profit of 17.61 billion rupees, according to Refinitiv IBES data.
ADVERTISEMENT
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
Sign Up with Google
Add us to your Preferences
Set as your preferred source on Google
ADVERTISEMENT
RECOMMENDED FOR YOU
POPULAR
1
Stock Market LIVE: Sensex, Nifty Little Changed; KRBL Share Price Slumps 10%, JBM Auto Surges 7%
2
Flipkart Big Billion Days Sale: iPhone 16 Pro, Pro Max To See Massive Price Drops — Check Details
3
Mumbai Rains LIVE: IMD Issues Red Alert For Mumbai City And Suburban Area
4
Final Day! Airfloa Rail Technology IPO: Check GMP, Day 3 Subscription Status, Allotment Date And More
5