May 29, 2018 / 8:28 AM / a year ago

Mahindra & Mahindra fourth-quarter profit jumps 70 percent

FILE PHOTO: The logo of Mahindra and Mahindra is seen at a showroom in Mumbai, India, August 30, 2016. REUTERS/Danish Siddiqui/File Photo

(Reuters) - Mahindra & Mahindra Ltd on Tuesday said fourth-quarter profit surged over 70 percent, slightly above estimates.

Standalone profit after tax, which does not include share of profit from its unit Mahindra Vehicle Manufacturers Ltd, stood at 10.59 billion rupees ($155.90 million) for the quarter ended March 31, compared with 6.22 billion rupees a year earlier.

Analysts on average expected a quarterly profit of 10.45 billion rupees, according to Thomson Reuters data.

Revenue from operations grew 10.5 percent to 133.08 billion rupees.

($1 = 67.9300 Indian rupees)

Reporting by Krishna V Kurup in Bengaluru; Editing by Sunil Nair

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