Maruti Suzuki India Ltd posted a 47.5 percent rise in third-quarter profit, the country's top-selling car maker said on Wednesday, helped by strong sales of its new, pricier cars and sport-utility vehicles.
Net profit for the three months ended December 31, rose to 17.45 billion rupees ($256 million) compared with 11.83 billion rupees in the year-ago quarter, the company said in a statement. The year-ago net profit has been adjusted to reflect the new accounting rules adopted by India.Also read: Maruti Suzuki Ignis Launched, Price Starts at Rs 4.59 Lakh
Analysts expected it to post a profit of 17.47 billion rupees, according to Thomson Reuters data.
Total income from operations of the car maker, which is majority owned by Japan's Suzuki Motor Corp, rose 13 percent to 191.7 billion rupees. The company sold a total of 387,251 vehicles during the quarter, up 3.5 percent from the year ago period.Also read: Maruti Suzuki Baleno With Lamborghini Style Doors, Yes It Exists
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