NEW DELHI (Reuters) - Mahindra & Mahindra Ltd , India's top utility vehicle maker, on Friday posted a 6 percent fall in net profit for the June quarter, slightly above analysts' expectations, hit by higher expenses and finance costs.
Net profit for the fiscal first quarter ended June 30 was 8.82 billion rupees ($143.67 million) compared with 9.38 billion rupees a year ago. Net sales rose about 2 percent to 100.96 billion rupees.
Analysts had, on average, expected net profit of 8.36 billion rupees, according to Thomson Reuters I/B/E/S.
(1 US dollar = 61.3900 rupee)
(Reporting by Aditi Shah; Editing by Sunil Nair)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app