Maruti Q3 net down 63.6 per cent at Rs 205.6 crore

The country's largest car-maker Maruti Suzuki India on Monday reported a 63.6 per cent fall in net profit for the quarter ended December 31, 2011, to Rs 205.6 crore (Rs 2.05 billion).

The company had posted a net profit of Rs 565.17 crore (Rs 5.65 billion) for the corresponding period last financial year, Maruti Suzuki India (MSI) said in a statement.

The company's net sales declined by 17.4 per cent to Rs 7,663.6 crore (Rs 76.63 billion) during the quarter under review from Rs 9,276.73 crore (Rs 92.76 billion) in the year-ago period, it added.

Reacting to the numbers, MSI shares fell 1.24 per cent to Rs 1,085.50 per scrip on the BSE.

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