MUMBAI Jan 28 Maruti Suzuki India Ltd
, India's biggest carmaker, reported a 36 percent rise
in third-quarter net profit, matching estimates, as favourable
foreign exchange movement and cost reduction efforts offset
Maruti, controlled by Japan's Suzuki Motor Corp,
said profit for the Oct-Dec quarter was 6.81 billion rupees
($108 million), up from 5.01 billion rupees in the same quarter
of 2013. Sales fell about 3 percent to 106.2 billion rupees.
Analysts had expected the company to post a profit of 6.84
billion rupees, according to Thomson Reuters I/B/E/S.
($1 = 63.2400 rupees)
(Reporting by Aradhana Aravindan; Editing by Anand Basu)