Wednesday, July 29, 2015| Latest E-book
You are here: Home » Topics » » Suzuki » Videos

Maruti Suzuki Q1 profit jumps 56 percent; lower costs, higher sales| Reuters

Jul 28, 2015    

NEW DELHI Maruti Suzuki India Ltd(MRTI.NS), India's top-selling carmaker, said on Tuesday first-quarter net profit rose 56 percent helped by lower costs, favourable foreign exchange rates and higher sales, but still missed bullish analyst estimates.Maruti, controlled by Japan's Suzuki Motor Corp (7269.T), said profit for the April-June quarter was 11.9 billion rupees ($185.94 million), up from 7.6 billion rupees in the same period a year earlier. Analysts had expected a profit of 12.35 billion rupees, according to Thomson Reuters I/B/E/S. Net sales rose about 18 percent to 130.8 billion rupees...

Read More