Maruti, controlled by Japan's Suzuki Motor Corp, said profit for the Jan-March quarter was 8 billion rupees (USD 131 million) compared to 12.4 billion rupees in same year-ago period.

Analysts on average were expecting a net profit of 9.10 billion rupees.

The year-ago quarterly profit is not strictly comparable as it included the full-year impact of Maruti's merger with its powertrain unit. A substantial decline in the yen had also made imports of auto parts cheaper.

The automaker reported a net profit of 6.81 billion rupees in the previous quarter.


Latest News from Business News Desk