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Maruti Misses Q3 Profit Forecast on Higher Input Costs
Mint Bangalore
|January 30, 2025
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.
यह कहानी Mint Bangalore के January 30, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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