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Automaker Mahindra's quarterly profit slides as costs mount
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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)
