Analysts were expecting a profit of 17.61 billion rupees. (File)Bengaluru: Carmaker Mahindra and Mahindra Ltd reported a smaller-than-expected rise in third-quarter profit on Friday, as higher expenses offset strong demand for its passenger cars.Mahindra, which is known for XUV, Thar and Scorpio cars, said profit rose to 15.28 billion rupees ($185.2 million) in the three months ended Dec. 31, from 13.35 billion a year earlier.Analysts were expecting a profit of 17.61 billion rupees, according to Refinitiv IBES data.(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)Featured Video Of The DayRupee’s Sharpest Fall In 10 Months, Markets Fall Over 0.5%
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