Analysts on average expected a quarterly profit of Rs 1,045 crore.
Mahindra Mahindra Ltd on Tuesday said fourth-quarter profit surged over 70 per cent, slightly above estimates.Standalone profit after tax, which does not include share of profit from its unit Mahindra Vehicle Manufacturers Ltd, stood at Rs 1,059 crore ($155.90 million) for the quarter ended March 31, compared with Rs 622 crore a year earlier.Analysts on average expected a quarterly profit of Rs 1,045 crore, according to Thomson Reuters data.Revenue from operations grew 10.5 per cent to RS 13,308 crore.
Thomson Reuters 2018(Except for the headline, this story has not been edited by TheIndianSubcontinent staff and is published from a syndicated feed.)