02-05-2021 01:49 PM | Source: Reuters
Automaker Mahindra's quarterly profit slides as costs mount
BENGALURU - Mahindra and Mahindra Ltd reported a 90% slump in third-quarter profit on Friday, as supply chain disruptions and shortage of certain auto components led the carmaker to record higher costs.
Profit after tax was 309.3 million rupees ($4.24 million) for the quarter ended Dec. 31, compared with 3.07 billion rupees last year, Mahindra said http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20210205:nBSEt3c9h.
($1 = 72.9350 Indian rupees)
(Reporting by Chandini Monnappa in Bengaluru; Editing by Krishna Chandra Eluri)
Latest News
Ali sports Academy offers free martial arts training...
Lok Sabha Elections `Everyone is my family` BJP cand...
They should withdraw: Rajeev Chandrasekhar on Manipu...
J&K: Yoga session organised to promote voter turnout...
`Heeramandi: The Diamond Bazaar` Sanjay Leela Bhansa...
Paytm streamlines metro rides with Easy QR Ticket Pu...
India mandates weekly reporting on wheat stocks to p...
Political stability has given India a new sense of c...
Sales turnover of Government e-Marketplace doubles t...
Weekly Outlook on Gold And Silver By Mr. Anuj Gupta,...