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Mahindra & Mahindra Q4 PAT rises about 20%

Reuters / 30 May 17 | 04:05 PM

Automaker Mahindra & Mahindra Ltd posted a nearly 20 per cent rise in fourth-quarter profit after tax on Tuesday, beating analysts' estimate.

Profit after tax came in at Rs 725 crore($112.17 million) for the quarter ended March 31, compared with Rs 605 crore a year earlier, the company said.

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Analysts on average had expected a profit of Rs 691 crore, according to Thomson Reuters data.

Total income rose 4 per cent to Rs 12,320 crore.

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