Mahindra & Mahindra net profit declines 16.67% in the June 2008 quarter

Sales rise 26.05% to Rs 3293.45 crore
Net profit of Mahindra & Mahindra declined 16.67% to Rs 159.30 crore in the quarter ended June 2008 as against Rs 191.17 crore during the previous quarter ended June 2007. Sales rose 26.05% to Rs 3293.45 crore in the quarter ended June 2008 as against Rs 2612.78 crore during the previous quarter ended June 2007.