UPDATE 2-Maruti Q3 net profit beats forecast, margins jump

Newswire

(Adds comments, closing share price) By Rina Chandran MUMBAI, Jan 20 (Reuters) - India's top car maker, Maruti Udyog Ltd. , posted a stronger-than-expected 41 percent rise in quarterly net profit on Friday, sending its shares surging more than 7 percent to a lifetime high. Analysts said they expected margins at Maruti to improve in the coming quarters on improved sales and lower material costs. Cheap loans and new launches have helped vehicle makers post robust sales in the last ...

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