Photo: Bloomberg

Photo: Bloomberg

Mahindra posts Q2 net profit of Rs761.5 cr

Mahindra posts Q2 net profit of Rs761.5 cr

Photo: Bloomberg

The net profit up 3% over the same period last year includes the impact of the Rs32 crore loss the firm suffered owing to the fall in rupee and adjustments in its external commercial borrowings (ECBs) which is payable by 2016.

Its gross revenue went up 33.8% to Rs8,298 crore compared to same period a year ago. The earnings are below Street estimates.

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