INDIA: Mahindra & Mahindra profits leap
Utility Vehicles manufacturer Mahindra & Mahindra has reported a 140% rise in net profit for the fiscal year 2003-2004 to €65.75 million (INR3.49 billion). Net revenues shot up 31% from €852.3 million (INR45.17 billion) to €1.116 billion (INR59.15 billion).
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