High discounts, commodity prices may hurt Maruti profits for Oct-Dec

Maruti Suzuki, the country’s leading carmaker, is expected to report a second consecutive dip in quarterly profit for the October-December period of FY19 as margins remained under pressure owing to higher discounts and impact of firm commodity prices. 

The company, analysts anticipate, could report a decline of about 5 per cent in profit for the third quarter. It is likely to announce the Q3 results in the last week of the month. 

The Suzuki-owned firm, which sells every second car in the domestic market, had seen its profit grow for nine consecutive quarters until June 2019. It, however, posted a 10 per