India's Maruti Q3 profit falls 54.3 pct, lags f'cast

Newswire

MUMBAI, Jan 29 (Reuters) - Maruti Suzuki India Ltd , the country's largest car maker, said quarterly profit fell 54.3 percent, lagging forecasts due high raw material costs, lower volumes and adverse impact of currency changes. New Delhi-based Maruti said on Thursday net profit fell to 2.14 billion rupees ($43.8 million) in its fiscal third quarter ended December. Net sales fell 2.8 percent to 46.26 billion rupees, it said. That compared with a net profit forecast of 2.48 billion ...

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