Mahindra and Mahindra Q2 net slips 27 per cent, revenue down 14.5 per cent

Mahindra and Mahindra Q2 net slips 27 per cent, revenue down 14.5 per cent

PUNE: Mahindra and Mahindra, India’s biggest utility vehicle maker, on Friday reported a 26.5 per cent drop in quarterly net profit as the company struggled to sell cars, trucks and tractors amid a slowdown in Asia’s third-largest economy. The Mumbai-headquartered company’s September quarter net profit stood at Rs 1,355 crore against Rs 1,778.8 crore in a year-ago period. Its revenue was down 14.5 per cent at Rs 10,935 crore compared to Rs 12,790 crore last year.

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