You are using an older browser version. Please use a supported version for the best MSN experience.

Maruti Suzuki Q1 profit rises 4.4% to Rs1,556 crore, misses estimates

LiveMint logoLiveMint 27-07-2017 Jessica Kuruthukulangara

Bengaluru: Maruti Suzuki India Ltd, the country’s top-selling car maker, posted a 4.4% rise in quarterly profit on Thursday, but missed estimates as a rise in commodity prices and the impact of a new nationwide sales tax ate into earnings.

The company, majority-owned by Japan’s Suzuki Motor Corp , said it posted a profit of Rs1,556 crore ($242.66 million) for the first quarter ended 30 June, compared with Rs1,491 crore a year earlier.

Analysts on average had expected a profit of Rs1,701 crore, according to Thomson Reuters data.

Total income of Maruti rose 17% to Rs20,460 crore. The company sold a total of 394,571 vehicles during the quarter, up 13.2 % from the year-ago period. Reuters

More From LiveMint

image beaconimage beaconimage beacon