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India's Maruti Profits Up, But Shy of Estimate

NEW DELHI, Jan 27 (Reuters) - India's top-selling carmaker Maruti Suzuki Ltd said net profit for the October-December quarter rose 18 percent year-on-year, missing analysts estimates.

Maruti, which sells one in two cars in India, reported a quarterly profit of 8.02 billion rupees ($130.53 million), compared with 6.81 billion rupees a year ago. Net sales rose 15.5 percent to 122.63 billion rupees.

Analysts on average expected the company to make profits of 9.06 billion rupees, according to Thomson Reuters I/B/E/S. ($1 = 61.4400 Indian rupees) (Reporting by Aditi Shah; Editing by Miral Fahmy)