Maruti Q2 profit falls 26% year on year on global tensions and forex
FROM THE WIRE · THEHINDUBUSINESSLINE.COM
Maruti Suzuki reports a 26% YoY Q2 net profit drop due to global tensions and forex headwinds, despite 26% revenue growth.
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishSharp profit drop at a major Indian carmaker, driven by global tensions and forex.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Maruti Suzuki reports a 26% year-on-year drop in quarterly net profit.
- 02The decline is attributed to global tensions and adverse forex movements.
- 03Revenue grew 26% in the quarter.