NEW DELHI May 30 Mahindra and Mahindra Ltd
, India's biggest sports utility vehicle (SUV)
manufacturer, posted a better-than-expected fourth-quarter
profit as strong tractor sales offset declining sales of its
utility vehicles, and also helped by one-off gains.
Mahindra's net profit for the January-March quarter rose
marginally to 8.97 billion rupees ($152 million) compared with
8.89 billion rupees a year earlier. Net sales rose about 4.7
percent to 108.38 billion rupees.
Analysts on average had expected the company to post a
profit of 8.12 billion rupees, according to data from Thomson
($1 = 59.0150 Indian Rupees)
(Reporting by Aditi Shah; Editing by Anand Basu)