Maruti Suzuki, India's biggest carmaker, missed estimates with a 5 percent decline in net profit for the quarter to end-September, its fifth consecutive quarterly decline, after the deadly riot at its Manesar plant led to a $250 million production loss.
Maruti, controlled by Japan's Suzuki Motor Corp, said net profit fell to Rs 227 crore in the second quarter of the fiscal year that began in April, from 240 crore a year earlier.
Analysts expected a net profit of 252 crore, according to Thomson Reuters I/B/E/S.
Copyright Thomson Reuters 2012
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