(Reuters) - India's top-selling car maker, Maruti Suzuki India Ltd, posted a 9.8 percent fall in second-quarter net profit on Thursday, hurt by rising commodity prices and a weaker rupee.
Net profit fell to 22.40 billion rupees ($305.73 million) for the quarter ended Sept. 30, versus 24.84 billion rupees 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 20.28 billion rupees, according to Refinitiv data.
Total revenue from operations rose 3 percent to 224.33 billion rupees.
($1 = 73.2675 rupees)
(Reporting by Tanvi Mehta and Arnab Paul in Bengaluru; Editing by Christopher Cushing and Muralikumar Anantharaman)
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app