India's Maruti Suzuki smashes forecasts with 80 pct rise in Q4 net

Newswire

MUMBAI, April 26 (Reuters) - Maruti Suzuki India Ltd , India's biggest carmaker by sales, reported a 79.8 percent rise in fourth-quarter net profit, boosted by strong sales of its Ertiga multi-purpose vehicle that offset a slump in compact cars. Also benefiting from a sharp decline in the value of the yen as imports from Japan count for 20 percent of its costs, Maruti beat market estimates with profit of 11.48 billion rupees ($212 million) for the January-March period, ...

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