10/02/2023 1:46:59 PM | Source: Reuters
Indian automaker Mahindra's Q3 profit rises 14.5%
Indian automaker Mahindra and Mahindra Ltd reported a 14.5% rise in third-quarter profit on Friday, helped by strong demand for its passenger cars.
Mahindra, which is known for XUV, Thar and Scorpio cars, said profit rose to 15.28 billion rupees ($185.2 million) in the three months ended Dec. 31, from 13.35 billion a year earlier.
(This story has been corrected to remove reference to estimates as it is not immediately clear if they are comparable with results)
(Reporting by Nallur Sethuraman in Bengaluru; Editing by Savio D'Souza)
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