Business Standard

Maruti Suzuki India's fourth-quarter profit rises 10 percent, but misses estimate


(Reuters) - India's top selling car maker Maruti Suzuki India Ltd posted a 10 percent rise in net profit for the fourth quarter on Friday, buoyed by strong sales volume growth.
Profit for the January-March quarter rose to 18.82 billion rupees ($281.74 million) from 17.11 billion rupees a year earlier, the company, whose iconic 'Maruti 800' helped popularise cars in India, said in a statement.
That compared with the 21.10 billion rupees average estimate of 22 analysts, Thomson Reuters data showed.
The company sold a total of 461,773 vehicles during the quarter, up about 11.4 percent from a year earlier.
($1 = 66.8000 Indian rupees)
(Reporting by Krishna V Kurup in Bengaluru; Editing by Muralikumar Anantharaman)

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First Published: Apr 27 2018 | 2:31 PM IST

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