← Back to: "Indian Mahindra Q3 Profits - 99 Percent Down"
Mahindra on the fast lane towards zero profit
"Indian largest SUV and tractor manufacturer worked pro-bono in the third quarter, as the figures of their financial performance showed a 99 percent drop in profits. Net income in the three months ended Dec. 31 dropped to 12 million rupees ($245,000) from 4.05 billion rupees a year earlier, the Mumbai-based company said. Bloomberg.com reports that this is the lowest quarterly profit margin since 2003, as the report marks the fourth consecutive decline. Its utility-v..." Continue Reading →
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