New Delhi, Nov. 4 -- A surge in tractor sales boosted the July-September earnings for Mahindra and Mahindra Ltd (M&M), which saw a slowdown in demand for its sports utility vehicles (SUVs) as consumers delayed purchases in anticipation of goods and services tax (GST) cuts.

Mahindra's consolidated net profit rose 13% to Rs.3,955 crore, while revenue increased 22% to Rs.46,106 crore in the three months through September. The revenue growth was led by a 32% surge in sales of tractors to 123,000 units during the period, while SUV sales rose 13% to 261,703 units.

Encouraged by robust sales, the company's management raised its tractor industry growth forecast amid rural momentum from good monsoons and GST cuts.

"Earlier, we were expecting si...