From The Hindu BusinessLine
Center-Right Owned by The Hindu Group (Kasturi & Sons)LG Electronics India Q2 profit rises 25.7% to ₹489 crore on strong appliance demand
What's behind this
Mahindra & Mahindra reported a 25% increase in consolidated profit to Rs 4,588 crore for the September quarter, with revenue also rising 25% to Rs 57,553 crore. The company attributed the growth to strong SUV sales and a 55% jump in profit from its automotive segment.
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The company reported growth across its online and offline businesses, with online revenue rising 26.4% y-o-y to ₹694 crore and offline revenue increasing 9 per cent to ₹541 crore
RSS excerpt
Strong sales of televisions, refrigerators and washing machines supported quarterly growth, while localisation investments remain central to the company’s cost strategy
