|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||8,863.20 - 8,983.85|
|52 Week Range||8,590.60 - 9,715.00|
|PE Ratio (TTM)||35.68|
|Forward Dividend & Yield||75.00 (0.85%)|
|1y Target Est||10,153.40|
The Indian unit of Japanese car maker Suzuki Motor Corp said on Friday profit for the January-March quarter rose to 18.82 billion rupees ($281.74 million) from 17.11 billion rupees a year earlier. An increase in effective tax rate impacted the net profit for the country's most valuable automaker. Maruti's operations are key for Suzuki as it provides the bulk of the Japanese automaker's revenues, and has a market value of over $40 billion, more than one-and-a-half times that of its parent.
The company, majority-owned by Japan's Suzuki Motor Corp, reported a profit of 17.99 billion rupees ($282.91 million) for the third quarter ended Dec. 31, versus 17.47 billion rupees a year earlier. Maruti's results are important for Suzuki Motor as the Indian company provides the bulk of Suzuki Motor's revenues and has a market value of close to $45 billion, about one-and-a-half times that of its parent. Sales of compact vehicles, which include the Swift and Baleno, rose 26.9 percent, while sales of utility vehicles including the Ertiga and Vitara Brezza climbed 28.1 percent.