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Maruti Misses Q3 Profit Forecast on Higher Input Costs
January 30, 2025
|Mint New Delhi
Tepid earnings by the sector leader comes days after the company said it would raise car prices from 1 February
Maruti Suzuki India Ltd, India's largest carmaker by market share, posted a lower-than-expected quarterly profit squeezed by higher raw material prices. Net income rose 13% to ₹3,530 crore in the three months ended 31 December from a year earlier, the unit of Japan's Suzuki Motor Corp. said in an exchange filing on Wednesday. That missed Bloomberg's average analyst estimate of ₹3,604 crore profit.
Revenue climbed 16% to ₹38,490 crore, almost matching the analyst estimates. Total costs surged 16% to ₹34,880 crore as raw material costs jumped 17% from the year-ago quarter.
هذه القصة من طبعة January 30, 2025 من Mint New Delhi.
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