Maruti net down 54.2 percent

By IANS,

New Delhi : Auto major Maruti Suzuki Thursday reported 54.2 percent year-on-year dip in its net profit for the quarter ended Dec 31.

---

Support TwoCircles

---

The company posted net profit of Rs.2.13 billion (Rs.213.57 crore/$47.46 million) for the October-December period, down from Rs.4.67 billion a year ago.

Maruti sold 173,494 vehicles in the quarter, almost 14 percent less than the sales in the corresponding period last year. During the period, 14,634 units were exported, the company announced.

The total income from operations for the automaker stood at Rs.51.41 billion.

The consolidated net profit for the first nine months this fiscal declined almost 32 percent to Rs.9.75 billion from 14.33 billion in the year-ago period.