UPDATE 1-India's Maruti Q2 net beats forecasts, shares slip

Newswire

(Adds details) MUMBAI, Oct 28 (Reuters) - Top Indian car maker Maruti Udyog Ltd. reported on Friday a stronger-than-expected 42 percent rise in quarterly profit as cost cuts and sales of higher-priced vehicles helped offset firmer raw materials prices. But its operating margin, a key gauge of efficiency, eased to 11.5 percent during the quarter, tripping up its shares on fears pressure on margins will continue in the coming quarters. The New Delhi-based firm, 54.2 percent owned by ...

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