India's top carmaker Maruti Suzuki Q2 profit quadruples, tops view - Reuters

BENGALURU, Oct 28 (Reuters) - Maruti Suzuki India Ltd (MRTI.NS) connected Friday bushed estimates with a much than four-fold leap successful quarterly profit, arsenic the country's biggest carmaker benefited from grounds income volume, easing commodity prices and improved margins.

Maruti, which has astir 40% marketplace stock successful India's rider conveyance market, sold a grounds 517,395 vehicles during the quarter, up 36% from past year, the Indian portion of Japan's Suzuki Motor Corp (7269.T) said successful an speech filing.

Passenger conveyance income successful world's fourth-largest car marketplace surged astir 38.4% successful July-September, according to car manufacture assemblage Society of Indian Automobile Manufacturers. work much

A diminution successful earthy worldly prices, coupled with terms hikes and improved proviso concatenation dynamics for semi-conductor chips helped Maruti amended its net borderline earlier interest, taxes, depreciation, and amortization (EBITDA) - a cardinal measurement of profitability.

EBITDA borderline for the 4th stood astatine 9.25%, expanding from 7.2% past 4th and 4.2% a twelvemonth ago. Analysts had expected an EBITDA borderline of 9.4%, according to Refinitiv data.

Standalone nett net came successful astatine 20.62 cardinal Indian rupees ($250.03 million) for the 4th ended Sept. 30, compared with 4.75 cardinal rupees a twelvemonth agone erstwhile accumulation was hampered by spot shortage.

Analysts were expecting a nett of 19.13 cardinal rupees, according to Refinitiv IBES data.

($1 = 82.4700 Indian rupees)

Reporting by Nallur Sethuraman successful Bengaluru; Editing by Dhanya Ann Thoppil

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