Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (9148)	10/29/1999 5:37:00 PM
From: Mohan Marette	Respond to of 12475

UV, tractor sales drive Mahindra & Mahindra Q2 net up 26% mahindraworld.com HIGHER utility vehicles and tractor sales as well as a bout of restructuring have helped Mahindra & Mahindra (M&M) boost profits in the second quarter ended September 30, '99. The company reported a net profit of Rs 60.4 crore ($14 mil) for the quarter, up 26 per cent from Rs 47.8 crore ($11 mil) in the corresponding quarter of the previous year. Gross sales and income from operations stood at Rs 1,015.1 crore ($226 mil) as against Rs 967.9 crore ($215 mil) in the same period a year ago. Profit before tax is Rs 76.6 crore as against Rs 57.3 crore. Operating margins improved from 11 per cent to 13 per cent. This has been attributed to better cost control and credit-sourcing initiatives. (ET-10/30/99)