Maruti Suzuki Q3 profit down 63.6%

Maruti Suzuki India reported a fall in net profit for the quarter to Rs 205.6 crore.

Written by Agencies | New Delhi | Published: January 23, 2012 2:36:41 pm

The country’s largest car-maker Maruti Suzuki India today reported a 63.6 per cent fall in net profit for the quarter ended December 31,2011,to Rs 205.6 crore.

The company had posted a net profit of Rs 565.17 crore for the corresponding period’s result last financial year,Maruti Suzuki India (MSI) said in a statement.

The company’s net sales declined by 17.4 per cent to Rs 7,663.6 crore during the quarter under review from Rs 9,276.73 crore in the year-ago period,it added.

Reacting to the numbers,MSI shares fell 1.24 per cent to Rs 1,085.50 per scrip on the BSE.

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