India's Maruti Q2 net falls 5 pct on factory riot

Newswire

NEW DELHI, Oct 30 (Reuters) - Maruti Suzuki India Ltd , India's biggest carmaker, missed estimates with a 5 percent decline in net profit for the quarter to end-September, its fifth consecutive quarterly decline, after a deadly riot at one of its plants led to a $250 million production loss. Maruti, controlled by Japan's Suzuki Motor Corp, said net profit fell to 2.27 billion rupees ($42 million) in the second quarter of the fiscal year that began in April, from 2.40 billion ...

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