M&M profit jumps, Ashok Leyland misses estimates as India’s Feb 11 Q3 results rush hits midday
Mahindra & Mahindra reported third-quarter profit up nearly 33% on Wednesday, driven by robust demand for SUVs and tractors. Profit reached 39.31 billion rupees, narrowly missing analyst forecasts. The quarter also factored in a one-off charge related to India’s new labour codes.