Don’t miss the latest developments in business and finance.

Maruti Suzuki Q4 profit up 61 percent, beats forecast

Image
Reuters NEW DELHI
Last Updated : Apr 27 2015 | 2:07 PM IST

NEW DELHI (Reuters) - Maruti Suzuki Ltd reported a 61 percent increase in net profit for the fiscal fourth quarter ended March as improving consumer sentiment pushed up passenger vehicle sales for India's top selling car maker.

Net profit for the quarter ended March 31 was 12.84 billion rupees ($201.8 million), versus 8 billion rupees a year earlier, Maruti said in a statement on Monday.

Analysts on average expected Maruti to post a net profit of 10.9 billion rupees, according to Thomson Reuters data. ($1 = 63.6400 rupees)

(Reporting by Aditi Shah; Editing by Anand Basu)

More From This Section

First Published: Apr 27 2015 | 2:01 PM IST

Next Story