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Mahindra Q3 profit increased by 34% to Rs 2,658 crore

Mumbai: Mahindra Less than expected growth of 34% recorded on Wednesday consolidated Net Benefit at Rs. 2,658 crores Weak demand for tractors hit SUV sales, boosting its profit for the quarter ending December 2023.
While Mahindra’s tractor and farm equipment sales account for about a third of total revenue, they are far more profitable than its auto business, which comprises about two-thirds of the topline and includes sales of SUVs and commercial vehicles.Agencies ‚ÄčThe company said its vehicle sales increased by 20% Q3 But tractor sales fell 4%.

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