|Chennai||Rs. 28730.00 (1.13%)|
|Mumbai||Rs. 29740.00 (-0.13%)|
|Delhi||Rs. 29200.00 (0%)|
|Kolkata||Rs. 29350.00 (0%)|
|Kerala||Rs. 28000.00 (0%)|
|Bangalore||Rs. 28400.00 (0%)|
|Hyderabad||Rs. 28470.00 (-0.11%)|
Maruti Suzuki India Ltd , India's biggest carmaker, reported a 35.5 percent fall in fourth-quarter profit, missing estimates, as potential car buyers postponed their purchases and waited for a slowing economy to pick up.
Maruti, controlled by Japan's Suzuki Motor Corp, said profit for the Jan-March quarter was 8 billion rupees ($131 million) compared to 12.4 billion rupees in same year-ago period.
Analysts on average were expecting a net profit of 9.10 billion rupees, according to Thomson Reuters I/B/E/S.
The year-ago quarterly profit is not strictly comparable as it included the full-year impact of Maruti's merger with its powertrain unit. A substantial decline in the yen had also made imports of auto parts cheaper.
The automaker reported a net profit of 6.81 billion rupees in the previous quarter.
($1 = 61.0550 Indian Rupees)