India's Maruti Q2 profit at $27.4 mln

Newswire

NEW DELHI, Oct 31 (Reuters) - Maruti Udyog Ltd , India's biggest carmaker, met market expectations by announcing a net profit of 1.24 billion rupees ($27.4 million) in the second fiscal quarter to September 30, as vehicle sales rose 18 percent. Maruti, held 54.2 percent by Japan's Suzuki Motor Corp , did not give any figure for net profit in the year-ago quarter. A Reuters poll of 10 brokerages earlier this month forecast net profit of 1.25 billion rupees and revenue of 21.5 billion. ...

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