Maruti Suzuki Q1 profit up 21 pct on strong car sales

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Reuters NEW DELHI
Last Updated : Jul 31 2014 | 2:41 PM IST

NEW DELHI (Reuters) - Maruti Suzuki India Ltd, India's biggest carmaker, reported a 21 percent rise in first-quarter net profit, beating estimates, as early signs of an economic revival boosted sales.

Maruti, controlled by Japan's Suzuki Motor Corp , said profit for the April-June quarter was 7.62 billion rupees ($126.14 million), up from 6.32 billion rupees in the same year-ago period. Net sales rose about 11 percent to 110.74 billion rupees.

Analysts had expected the company to post a profit of 7.35 billion rupees, according to Thomson Reuters I/B/E/S.

(Reporting by Aditi Shah; Editing by Miral Fahmy)

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First Published: Jul 31 2014 | 2:03 PM IST

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