Maruti Suzuki Q3 net profit falls 17% at Rs 1,489 cr

New Delhi: The country’s largest carmaker Maruti Suzuki India (MSI) today reported 17.21 per cent decline in net profit at Rs 1,489.3 crore for the third quarter ended December 31, 2018.

The company had posted a net profit of Rs 1,799 crore in the same period of previous fiscal. Total income during the October-December quarter under review stood at Rs 20,585.6 crore as against Rs 19,528.1 crore in the year-ago period.

The company sold a total of 4,28,643 vehicles during the quarter, a marginal decline of 0.6 per cent, over the same period the previous year, MSI said in a statement. Maruti Suzuki shares were trading 6.85 per cent down at Rs 6,555.40 on the BSE.

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Free Press Journal