Maruti Suzuki India Q1 net profit rises nearly 27%, misses estimates

Total revenue from operations rose 13.6 per cent to Rs 224.59 billion

Maruti Suzuki

Maruti Suzuki, the country's top car maker, has reported a lower than expected profit growth of 27 per cent owing to lower non-operating income, adverse commodity prices and forex rates in the April-June quarter of FY19.  Net profit for the quarter stood at Rs 19.75 billion. Net sales rose 27.3 per cent to Rs 218 billion for the quarter. Analysts were expecting an increase of 40-50 per cent in profit during the quarter.    During the quarter the company sold a total of 490,479 vehicles, growing 24.3 per cent over the same period of the previous ...