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Maruti Suzuki Q2 Profit Rises 3%, Surpasses Estimates

Maruti Suzuki reported a profit of Rs 2,484 crore ($381.86 million) for the second quarter, versus Rs 2,402 crore a year ago.
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Total vehicle sales for the second quarter increased about 18 per cent to 492,118 units
Total vehicle sales for the second quarter increased about 18 per cent to 492,118 units
Mumbai: Maruti Suzuki India Ltd, the country's top-selling car maker, posted more than a 3 per cent rise in its quarterly profit, beating analysts' estimates.
The company, majority-owned by Japan's Suzuki Motor Corp, reported a profit of Rs 2,484 crore ($381.86 million) for the second quarter ended September 30, versus Rs 2,402 crore a year ago.

Analysts on average had expected a net profit of Rs 2,229 crore, according to Thomson Reuters data.

Total vehicle sales for the quarter increased about 18 per cent to 492,118 units.

© Thomson Reuters 2017



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

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