India's Mahindra and Mahindra's Q3 profit misses estimates

Credit: REUTERS/Danish Siddiqui

BENGALURU, Feb 14 (Reuters) - Indian automaker Mahindra & Mahindra MAHM.NS posted a smaller-than-expected rise in third-quarter profit on Wednesday as weak demand for its profit-boosting tractors offset strong sport utility vehicle (SUV) sales.

The 'Scorpio' SUV-maker's standalone profit after tax rose 60.6% to 24.54 billion rupees ($295 million) in the three months to Dec. 31, missing analysts' estimate of 25.12 billion rupees.

($1 = 83.0712 Indian rupees)

(Reporting by Varun Vyas and Nandan Mandayam in Bengaluru; Editing by Sonia Cheema)


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