India's largest car maker Maruti Suzuki reported a standalone net profit of Rs 565.2 crore for the quarter ended December 2010, down 18% as compared to Rs 687.5 crore in same period the previous year.
Net sales the company grew by 25.83% to Rs 9,276.7 crore in third quarter of financial year 2009-10 from Rs 7,372.6 crore reported in same quarter last year.
Bottomline as well as topline numbers were below expectations. CNBC-TV18 expected net profit of Rs 610 crore and revenues of Rs 9,513 crore.
Source: www.moneycontrol.com
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Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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