February 9, 2018 / 12:18 PM / in 8 months

India's Mahindra & Mahindra Q3 profit up over 12 pct, beats estimate

Feb 9 (Reuters) - Mahindra & Mahindra Ltd on Friday reported a more than 12 percent rise in its third-quarter profit, beating Street estimates.

Net profit for the three months ended Dec. 31 stood at 12.16 billion rupees ($188.79 million), up from 10.81 billion rupees in the year-ago quarter. bit.ly/2EaPFy6

Analysts on average had estimated a profit of 9.89 billion rupees, Thomson Reuters data showed.

Revenue from operations fell 2 percent to 115.78 billion rupees.

$1 = 64.4100 Indian rupees Reporting By Arnab Paul in Bengaluru; Editing by Vyas Mohan

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below