Maruti Suzuki Q3 Profit Rises 36%, Meets Estimates

Newswire

MUMBAI, Jan 28 (Reuters) - Maruti Suzuki India Ltd , India's biggest carmaker, reported a 36 percent rise in third-quarter net profit, matching estimates, as favourable foreign exchange movement and cost reduction efforts offset falling sales. Maruti, controlled by Japan's Suzuki Motor Corp, said profit for the Oct-Dec quarter was 6.81 billion rupees ($108 million), up from 5.01 billion rupees in the same quarter of 2013. Sales fell about 3 percent to 106.2 billion rupees. Analysts ...

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