Maruti Suzuki Q2 Net Profit Falls 26% to 2,466 Crore, Missing Estimates
Maruti Suzuki reported a 26% year-on-year decline in consolidated net profit to 2,466 crore in fiscal Q2. Higher input costs and lower other income outweighed revenue growth; quarterly sales reached a record.
mark-to-market losses weigh on other income Our Bureau New Delhi: Maruti Suzuki missed Street estimates to report a 26% year-on-year decline in consolidated net profit at 2,466 crore for the fiscal second quarter as higher input costs and lower other income outweighed an increase in revenue spurred…