Mahindra and Mahindra Ltd. reports 57% jump in Q3 net profit

India`s Mahindra and Mahindra Ltd reported a 57% surge in third-quarter profit on Thursday, boosted by higher demand for the automaker`s commercial vehicles and farm equipment that offset an increase in costs due to supply chain disruptions.

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Consolidated net profit from continuing operations was 19.87 billion rupees ($265.11 million) for the quarter ended Dec. 31, up from 12.68 billion rupees a year ago, Mahindra said.