Maruti Suzuki India — the country’s largest carmaker — on Wednesday reported a standalone net profit of Rs 3,794 crore for the quarter ended December 31, marking 7.6 per cent year-on-year growth that fell short of analysts’ expectations. The auto giant’s third-quarter revenue expanded to Rs 49,892 crore from Rs 38,752 crore a year ago, also missing forecasts.
According to Zee Business research, Maruti Suzuki India was estimated to register a net profit of Rs 4,600 crore with Rs 51,286 crore in the top line for the December quarter.
The auto maker’s margin — a key measure of profitability — shrank to 11.17 per cent from 13.10 per cent a year ago.
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