Maruti Suzuki Reports Better-Than-Expected Q3 Profit On Strong Passenger Car Demand


Maruti Suzuki Reports Better-Than-Expected Q3 Profit On Strong Passenger Car Demand

Maruti offered 465,911 autos within the quarter, up from 430,668 items the identical quarter final 12 months. (File)

Bengaluru:

Maruti Suzuki India Ltd reported better-than-expected quarterly revenue on Tuesday, because the nation’s largest carmaker benefitted from sturdy demand for its passenger automobiles.

Profit for Maruti, which has over 40% market share within the nation’s passenger autos phase, got here in at 23.51 billion rupees ($288.53 million) for the quarter ended Dec. 31, in contrast with 10.11 billion rupees a 12 months in the past.

Analysts on common had anticipated the corporate to report a revenue of 18.81 billion rupees, in keeping with Refinitiv IBES knowledge.

Maruti offered 465,911 autos within the quarter, up from 430,668 items the identical quarter final 12 months.

(Except for the headline, this story has not been edited by NDTV employees and is revealed from a syndicated feed.)

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