Maruti Suzuki’s Q3 profit rises 5%
India’s largest carmaker posted a net profit of ₹1,565 crore and revenue of ₹20,707 crore in the December quarter.
India’s largest carmaker posted a net profit of ₹1,565 crore and revenue of ₹20,707 crore in the December quarter.
The Bengaluru-based company expects revenue from its IT services business to rise by up to 2% y-o-y in the March quarter, announces interim dividend of ₹1 per equity share.
The Bengaluru-based IT major has increased its FY20 revenue forecast to 10%-10.5%; company’s board says whistleblower complaints against CEO and CFO “are substantially without merit.”
Reports from various equity research and ratings agencies said margins were under pressure due to rising costs.
The automobile major posted its third straight quarterly loss in the October-December period.
A report by CRISIL Research shows that corporate revenue growth is expected to be 400-500 basis points lower than the first two quarters.