Mahindra & Mahindra Q3 Profit Down 9.9%

India’s largest utility vehicle manufacturer, Mahindra & Mahindra registered 9.9% down in their fiscal third quarter profit due to rising commodity costs and high interest rates.

Pawan Goenka, president of Mahindra’s automotive and farm equipment sectors said, “Given how material costs have moved during the quarter, and we are not able to pass these on 100 per cent … our profitability will come down.”

Mahindra reported net profit down at Rs 6.62 billion ($135 million) for the quarter ended December from last year’s Rs 7.35 billion revenue.

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“I dare do all that may become a man. Who dares more is none”. And all, may be. It may be the vigor. Or the spirit. Or the courage to avoid being “politically correct” or bent. And, ban all averse with immaculate overture of graciously fathomable words firm in views. Subtle. Justifying the undying conscience. Values. Knowledge. And, dares to stay true. True to own. True to the world. And, to the words. With a dream in eyes it exists. In you. In me. In all. The sprite that never shies away. The spirit that never dies!