Business & Finance
Maruti Suzuki Misses Profit Estimate as Higher Input Costs Bite
Key Points
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.