Mahindra Q3 profit rises 12 per cent, matches estimates

Mahindra & Mahindra Ltd, India's biggest utility vehicle maker by sales, posted a 12 percent rise in quarterly profit, matching estimates as strong tractor sales offset slowing demand for its passenger and commercial vehicles.

Standalone profit was 9.34 billion rupees in the fiscal third quarter ended December, against 8.36 billion rupees a year earlier. Net sales fell 2 percent to 104.05 billion rupees at Mahindra, also the world's largest tractor company by sales volume.

Analysts, on average, had expected a profit of 9.39 billion rupees, according to Thomson Reuters I/B/E/S.


  • India’s economic recovery has to be consumption, and not investment, led

    It is well accepted that falling global commodity prices, especially oil, have helped the Indian economy regain lustre in the past year or so.


Stay informed on our latest news!


Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs


Amita Sharma

Smart cities for the smart citizens

The 21st century has been spoken of as the urban ...

Purnendu Ghosh

Too shy people love themselves too much

We are essentially shy people. Our extent of shyness, however, ...

Shona Adhikari

When nature and naturism have a date

DAG Modern has announced its forthcoming exhibition The Naked and ...


William D. Green

Chairman & CEO, Accenture