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Apr 30, 2012, 09.20 AM IST
Maruti Suzuki India beat street expectations Saturday as fourth quarter net profit fell lower-than-expected 3% from a year ago to Rs 640 crore, helped by a rebound in sales and a surge in other income.
Maruti Suzuki India beat street expectations Saturday as fourth quarter net profit fell lower-than-expected 3% from a year ago to Rs 640 crore, helped by a rebound in sales and a surge in other income.
Net sales for the three-month-period were up 17% year-on-year to Rs 11,486.4 crore. On a sequential basis, the company's net profit more than trebled, while net sales were up 50% over Oct-Dec quarter.
It touched an intraday high of Rs 1,400.00 and an intraday low of Rs 1,364.95. At 09:17 hrs the share was quoting at Rs 1,372.05, down Rs 25.05, or 1.79%.
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