Maruti Q3 profit falls 17% YoY to Rs 1,489 crore; stock skids nearly 9%

Maruti Suzuki India (MSIL) on Friday reported a 17.26 per cent per cent fall in its net profit at Rs 1,489.3 crore for third quarter of FY19

Maruti Suzuki India (MSIL) on Friday reported a 17.26 per cent fall in its net profit at Rs 1,489.3 crore for third quarter of FY19. The carmaker had reported PAT of Rs 1,800 crore in the year-ago quarter. On QoQ basis, the figures fell 33.5 per cent.

Total revenue from operations stood at Rs 19,668.3 crore against Rs 19,283.2 crore in the year-ago period. 

Basic EPS (earnings per share) came in at Rs 49.30 against Rs 59.56 in the corresponding quarter previous fiscal. 

Following the results announcement, shares of the company slumped nearly 9 per cent to Rs