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Maruti operating profit may lag estimates - StarMine

Source : REUTERS
Last Updated: Thu, Jul 25, 2013 08:46 hrs
The brand name of Maruti Suzuki is pictured on a Swift car at the company's stock yard in Ahmedabad

Maruti Suzuki India Ltd may miss the consensus operating profit forecast for the April-June quarter when it reports results later in the day, according to Thomson Reuters StarMine data.

StarMine's SmartEstimates, which places greater emphasis on forecasts by top-rated analysts, expects Maruti to report an operating profit of 11.27 billion rupees ($190.7 million) for the quarter, compared with a consensus mean estimate of 11.99 billion rupees.

Maruti shares are down 0.41 percent at 0741 GMT.


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