February 9, 2018 / 12:18 PM / 4 months ago

Mahindra & Mahindra third-quarter profit up over 12 percent, beats estimate

(Reuters) - Mahindra & Mahindra Ltd on Friday reported a more than 12 percent rise in its third-quarter profit, beating Street estimates.

The logo of Mahindra and Mahindra is seen at a showroom in Mumbai, August 30, 2016. REUTERS/Danish Siddiqui/Files

Net profit for the three months ended Dec. 31 stood at 12.16 billion rupees ($188.79 million), up from 10.81 billion rupees in the year-ago quarter. bit.ly/2EaPFy6

Analysts on average had estimated a profit of 9.89 billion rupees, Thomson Reuters data showed.

Revenue from operations fell 2 percent to 115.78 billion rupees.

($1 = 64.4100 Indian rupees)

Reporting By Arnab Paul in Bengaluru; Editing by Vyas Mohan

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