Automaker Mahindra's quarterly profit slides as costs mount

KG Mobility

05/02/2021 07:47

BENGALURU, Feb 5 (Reuters) - Mahindra and Mahindra Ltd
 MAHM.NS  reported a 90% slump in third-quarter profit on
Friday, as supply chain disruptions and shortage of certain auto
components led the carmaker to record higher costs. 
    Profit after tax was 309.3 million rupees ($4.24 million)
for the quarter ended Dec. 31, compared with 3.07 billion rupees
last year, Mahindra said http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20210205:nBSEt3c9h.
   



($1 = 72.9350 Indian rupees)

 (Reporting by Chandini Monnappa in Bengaluru; Editing by
Krishna Chandra Eluri)
 ((Chandini.M@thomsonreuters.com; +918061822697;))