Mahindra's net profit up 21.78% in September quarter
Country’s biggest utility vehicle maker Mahindra and Mahindra has reported a 21.78% year-on-year increase in its standalone net profit, which stood at ₹1,163.27 crore for the September quarter. Mahindra's revenue also surged 14.98% from the year-ago period to ₹11,166.22 crore, owing to new launches and better monsoon. The domestic sales of its utility vehicles also rose 15.6% during the quarter.