Profit

Maruti Suzuki Q2 Profit Rises 3%, Surpasses Estimates

Maruti Suzuki reported a profit of Rs 2,484 crore ($381.86 million) for the second quarter, versus Rs 2,402 crore a year ago.

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Maruti Suzuki Q2 Profit Rises 3%, Surpasses Estimates

Total vehicle sales for the second quarter increased about 18 per cent to 492,118 units

Mumbai: Maruti Suzuki India Ltd, the country's top-selling car maker, posted more than a 3 per cent rise in its quarterly profit, beating analysts' estimates.
The company, majority-owned by Japan's Suzuki Motor Corp, reported a profit of Rs 2,484 crore ($381.86 million) for the second quarter ended September 30, versus Rs 2,402 crore a year ago.

Analysts on average had expected a net profit of Rs 2,229 crore, according to Thomson Reuters data.

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Total vehicle sales for the quarter increased about 18 per cent to 492,118 units.
© Thomson Reuters 2017


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