Maruti Suzuki Q4 net profit up 0.5% at Rs 660 cr
India's largest car maker Maruti Suzuki has reported fourth quarter net profit of Rs 660 crore, a growth of 0.5% as compared to Rs 656.5 crore in same quarter the previous year. It was quite better-than-expectations - CNBC-TV18 poll saw net profit at Rs 619 crore.
April 25, 2011 / 19:22 IST
India's largest car maker Maruti Suzuki has reported fourth quarter net profit of Rs 660 crore, a growth of 0.5% as compared to Rs 656.5 crore in same quarter the previous year. It was quite better-than-expectations - CNBC-TV18 poll saw net profit at Rs 619 crore.
Net sales went up by 19.8% to Rs 9,863 crore in January-March quarter 2011 as against Rs 8,235 crore in same quarter 2010. Street was expecting the same at Rs 9814 crore.Sales are in line with expectations, says Prayesh Jain of IIFL. "Margins have been a positive surprise. But Maruti
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