Analysts expected Maruti Suzuki Q4 profit to come in at Rs 2,110 crore.
India's top selling car maker Maruti Suzuki India Ltd posted a 10 per cent rise in net profit for the fourth quarter on Friday, buoyed by strong sales volume growth.Profit for the January-March quarter rose to Rs 1,882 crore ($281.74 million) from Rs 1,711 crore a year earlier, the company, whose iconic 'Maruti 800' helped popularise cars in India, said in a statement.That compared with the Rs 2,110 crore average estimate of 22 analysts, Thomson Reuters data showed.The company sold a total of 4,61,773 vehicles during the quarter, up about 11.4 per cent from a year earlier.
Thomson Reuters 2018(Except for the headline, this story has not been edited by staff and is published from a syndicated feed.)