Car manufacturer Maruti Suzuki reported Q2 numbers which surpassed market expectations as profit rose by 60.2 percent to Rs 2,398 crore year on year.
The company had reported a net profit of Rs 1,497 crore in the same period a year ago.
The company's revenue during the quarter rose by 29.3 per cent to Rs 20,296.8 crore compared with year-ago period.
"Higher volumes leading to higher capacity utilisation, lower expenses on sales promotion and marketing, and higher non-operating income contributed to increase in profits. This was partially offset by adverse foreign exchange movement," Maruti said in BSE filing.
Maruti Suzuki's total income from operations rose by 29 per cent to Rs 20,297 crore.
Shares of the Maruti Suzuki were seen trading at Rs 5813 lower by 0.99 per cent on BSE at 2.20 pm IST. It touched an intra-day high and 52-week high of Rs 5950 during trade.