India’s Mahindra and Mahindra reports 57% jump in Q3 net profit

The logo of Mahindra and Mahindra is seen at a showroom in Mumbai, India, August 30, 2016. REUTERS/Danish Siddiqui Register now for FREE unlimited access to Reuters.comRegisterBENGALURU, Feb 10 (Reuters) – Indian automaker Mahindra and Mahindra Ltd (MAHM.NS) reported a 57% jump in third-quarter profit on Thursday, boosted by higher revenues that offset an increase in costs due to supply chain disruptions and semiconductor shortages.The company, chaired by Indian billionaire Anand Mahindra, said it also saw a sharp rise in exports of automobiles and tractors in the October-December quarter.Carmakers are seeing a pickup in demand compared to pandemic-hit 2021, but …
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