Mahindra and Mahindra Earns Less

observers nonetheless persist in the view that Moscow's continued noncommittal attitude is explained by political reasons, the chief of them being its anxiety not to be misunder- BUSINESS NOTES Mahindra and Mahindra Earns Less MAHINDRA AND MAHINDRA, manufacturers of jeeps and trucks, has reported a sharp decline in its earnings for the year ended October 31, 1966. The Company's gross profit before depreciation has slipped to Rs 1.10 crores from Rs 1,56 crores although sales have improved to Rs 20.43 crores from Rs 19.17 crores in 1964-65. The Company's net profit has amounted to Rs 45 lakhs against Rs 53 lakhs after providing Rs 22 lakhs (Rs 30 lakhs last year) for depreciation and Rs 43 lakhs (Rs 73 lakhs last year) for taxation.