Maruti Suzuki Q3 net profit doubles; shares jump
- Maruti Suzuki shares were trading more than 2% higher at ₹8,595 apiece on the BSE in afternoon deals
Auto major Maruti Suzuki India Ltd on Tuesday reported a significant rise in its net profit at ₹2,351 crore for the third quarter ended December 2022 (Q3 FY23), which more than doubled as compared to ₹1,011 crore in the year ago quarter. The profit was better-than-expected on the back of healthy demand, as analysts on average had expected the company to report a profit of ₹1,881 crore, according to Refinitiv IBES data.
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