October 25, 2018 / 8:33 AM / 25 days ago

Maruti Suzuki India Q2 profit falls about 10 pct, beats estimates

Oct 25 (Reuters) - India’s top-selling car maker, Maruti Suzuki India Ltd, posted a 9.8 percent fall in second-quarter net profit on Thursday, hurt by rising commodity prices and a weaker rupee.

Net profit fell to 22.40 billion rupees ($305.73 million) for the quarter ended Sept. 30, versus 24.84 billion rupees a year earlier.

Twenty one analysts on average had expected the company, which is majority-owned by Japan’s Suzuki Motor Corp, to post a profit of 20.28 billion rupees, according to Refinitiv data.

Total revenue from operations rose 3 percent to 224.33 billion rupees. ($1 = 73.2675 Indian rupees) (Reporting by Tanvi Mehta and Arnab Paul in Bengaluru; Editing by Christopher Cushing and Muralikumar Anantharaman)

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