Mahindra & Mahindra Quarterly Profit Rises on SUV Demand
Mahindra & Mahindra reported quarterly profit after tax of 51.02 billion rupees, with demand for its high-margin sport-utility vehicles cushioning rising raw material costs.
Indian automaker Mahindra & Mahindra NSE:M&M on Thursday reported an increase in quarterly profit as demand for its high-margin sport-utility vehicles helped cushion the impact of rising raw material costs.The maker of Scorpio and Thar SUVs posted profit after tax of 51.02 billion rupees ($539.85 m…