Mahindra & Mahindra Reports Downbeat Profit

Mahindra & Mahindra Ltd MAHMF reported weaker-than-expected quarterly results. Mahindra & Mahindra reported its quarterly net profit at 6.06 billion rupees, or around $135 million, versus INR5.70 billion, or around $126 million, in the year-ago period. However, analysts were expecting a profit of INR6.77 billion. Read more from Benzinga's Company news.