New Delhi: Mahindra & Mahindra (M & M) posted a 12 per cent increase in net profit at Rs. 1,216 crore. In the previous quarter it was Rs. 1,081 crores. The company’s income is also raised From Rs 11,578 crore to Rs 11,844 crore.
However, the company explained that the GST’s impacts do not compare these two. In the Q3, tractor sales grew by 6% to 76,943 units. M & M said that prospects for future business growth may be better in the wake of the economy gaining the GST.