MUMBAI – India’s Maruti Udyog Ltd. reports an 11% gain in profits during the third quarter (ended Dec. 31), as net income reached Rs3.76 billion ($84.9 million). The results disappointed analysts, who forecast a 14%-15% profit gain to Rs3.86 billion-Rs3.89 billion ($87.2 million-$87.9 million) for the auto maker during the quarter. The performance came on a 19% jump in revenues to Rs38 billion ($861 million) and 18% surge in vehicle sales to 172,181 units, up from 145,410 year-ago. ...
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