India's Maruti Suzuki Q3 profit doubles, first rise in 6 qtrs
NEW DELHI |
NEW DELHI Jan 25 (Reuters) - Maruti Suzuki India Ltd , India's biggest carmaker by sales volume, said its third quarter profit more than doubled, its first increase in 18 months after a torrid period marked by a strike, plant shutdowns and a demand slowdown.
Maruti, controlled by Japan's Suzuki Motor Corp, said profit for the Oct-Dec quarter was 5.01 billion rupees ($93.30 million), up from 2.05 billion rupees in the same quarter of 2011. Sales rose 46 percent to 109.57 billion rupees. ($1 = 53.6950 Indian rupees) (Reporting by Anurag Kotoky; Editing by Daniel Magnowski)
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