You are here:HomeCorporates

Maruti's net profit jumps 49 per cent on weak yen

close

New Delhi:

Maruti Suzuki, India's biggest carmaker, posted a 49 per cent jump in first-quarter net profit as a drop in sales volumes was offset by cheaper imports from Japan due to a decline in the value of the yen.

Maruti, 56.2 per cent owned by Japan's Suzuki Motor Corp, said net profit rose to Rs 632 crore for the three months to June from Rs 424 crore a year earlier. The results included the impact of the company's merger with its engine production unit.

Analysts on average had expected the company to report a net profit of Rs 662 crore for the period, according to Thomson Reuters I/B/E/S.

Copyright: Thomson Reuters 2013

Story first published on: July 25, 2013 14:48 (IST)

Tags: Maruti Suzuki, Earnings


For Profit Update,
Follow NDTV on Pinterest

Social Sharing

Advertisement

Advertisement

Portfolio
 

Advertisement

Market Data provided by © Accord Fintech.
© Copyright NDTV Convergence Limited 2014. All rights reserved.