Mahindra and Mahindra posts good results; stocks surges

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Mahindra and Mahindra has posted decent results for Q1 2013, with net profit after tax of Rs 7256.40 million, as compared to Rs. 6048.80 million for the quarter ended June 30, 2011.

Total Income has increased from Rs. 67821.20 million for the quarter ended June 30, 2011 to Rs. 94272.40 million for the quarter ended June 30, 2012.

The shares of the company were up more than 3% on the Bombay Stock Exchange.

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