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Maruti Suzuki Misses Profit Estimate as Higher Input Costs Bite

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Maruti Suzuki Misses Profit Estimate as Higher Input Costs Bite Maruti Suzuki India Ltd.’s profit missed analysts’ estimates as rising commodity costs offset a robust revenue growth. Net income fell 11% to 33.5 billion rupees ($351 million) for the three months ended June 30 compared with the same period last year, India’s largest carmaker said in a filing Friday. This fell short of the 34.4 billion rupees average profit estimate derived from a Bloomberg survey of brokerages.

Maruti Suzuki Misses Profit Estimate as Higher Input Costs Bite Maruti Suzuki India Ltd.’s profit missed analysts’ estimates as rising commodity costs offset a robust revenue growth. Net income fell 11% to 33.5 billion rupees ($351 million) for the three months ended June 30 compared with the same period last year, India’s largest carmaker said in a filing Friday. This fell short of the 34.4 billion rupees average profit estimate derived from a Bloomberg survey of brokerages.
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