New Delhi, Nov. 5 -- A surge in sports utility vehicle (SUV) sales, growth in its logistics and components business, and cost-saving measures helped Mahindra & Mahindra become the first carmaker to report net-profit growth during the September quarter.

India's second-largest carmaker's consolidated profit after tax (PAT) rose 30% to Rs.5,167 crore, while revenue from operations grew 25% to Rs.57,553 crore as the firm continued to see strong demand for its internal combustion engine and electric SUVs, even as tractor volumes fell. The sales of these passenger vehicles grew 26% year-on-year during the quarter to 183,000 units.

The surge in profit came after both market leader Maruti Suzuki and the country's fourth-largest carmaker Hyundai...