Maruti Suzuki India Q2 profit falls 10%, beats estimates
Reuters | Oct 25, 2018, 14:21 ISTHighlights
- Maruti's net profit fell to Rs 2,240 crore for the quarter ended September 30, versus Rs 2,484 crore a year earlier
- Twenty one analysts on average had expected the company, which is majority-owned by Japan's Suzuki Motor Corp, to post a profit of Rs 2,028 crore, according to Refinitiv data
Maruti Suzuki India's total revenue from operations rose 3 per cent.NEW DELHI: The country's top-selling carmaker, Maruti Suzuki India Ltd, posted a 9.8 per cent fall in second-quarter net profit on Thursday, hurt by rising commodity prices and a weaker rupee.
Net profit fell to Rs 2,240 crore ($305.73 million) for the quarter ended September 30, versus Rs 2,484 crore a year earlier.
Twenty one analysts on average had expected the company, which is majority-owned by Japan's Suzuki Motor Corp, to post a profit of Rs 2,028 crore, according to Refinitiv data.
Total revenue from operations rose 3 per cent to Rs 22,433 crore.
Net profit fell to Rs 2,240 crore ($305.73 million) for the quarter ended September 30, versus Rs 2,484 crore a year earlier.
Twenty one analysts on average had expected the company, which is majority-owned by Japan's Suzuki Motor Corp, to post a profit of Rs 2,028 crore, according to Refinitiv data.
Total revenue from operations rose 3 per cent to Rs 22,433 crore.
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