MUMBAI: Mahindra and Mahindra has reported a profit after tax of Rs. 270.51 crore for the quarter ended September 30, 2006, against Rs. 158.70 crore in the corresponding period in 2005. Gross sales were higher at Rs. 2,817.21 crore against Rs. 2,182.66 crore. The operating profit is higher at Rs. 442.52 crore against Rs. 247.62 crore.