Maruti Suzuki reports 17 pct decline in net profit at Rs 1400 cr in Dec quarter

The country's largest carmaker Maruti Suzuki India (MSI) Friday reported a 17.21 per cent decline in net profit at Rs 1,489.3 crore for the third quarter ended December 31, 2018. The company had posted a net profit of Rs 1,799 crore in the same period of previous fiscal.

Total income during the October-December quarter under review stood at Rs 20,585.6 crore as against Rs 19,528.1 crore in the year-ago period. The company sold a total of 4,28,643 vehicles during the quarter, a marginal decline of 0.6 per cent, over the same period the previous year, MSI said in a statement. Maruti Suzuki shares were trading 6.85 per cent down at Rs 6,555.40 on the BSE.