Indian automaker Mahindra posts quarterly profit vs year-ago loss

KG Mobility

28/05/2021 09:51

BENGALURU, May 28 (Reuters) - Mahindra and Mahindra Ltd
 MAHM.NS  on Friday reported a profit for the fourth quarter,
compared to a loss a year earlier, as the Indian automaker saw
improved demand for its passenger vehicles and tractors.
    Profit after tax was 484.4 million rupees ($6.69 million)
for the quarter ended March 31, compared to a loss of 25.02
billion rupees a year ago when it took a charge related to its
South Korean unit SsangYong Motor Co Ltd  003620.KS , Mahindra
said http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20210205:nBSEt3c9h.
 
($1 = 72.4100 Indian rupees)

 (Reporting by Chandini Monnappa in Bengaluru; Editing by
Subhranshu Sahu)
 ((Chandini.M@thomsonreuters.com; +918061822697;))