India's largest utility vehicle maker, Mahindra and Mahindra (M&M) posted a drop of 4.9% in its consolidated net profit at Rs 373 cr for the second quarter ended September 30, 2008 as compared Rs 392 cr posted in the same quarter a year ago.
The company's net sales grew 19 per cent during the same period to Rs 7,741.42 cr as against Rs 6,502.55 cr recorded in the corresponding quarter of the previous year.
Shares of the company was trading 19.86 per cent higher at Rs 297.25 per share as against its previous close of Rs 248 per share on the Bombay Stock Exchange (BSE).
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