Maruti Suzuki Q3 net profit surges on higher sales: stock gains

India's largest car makerMaruti Suzuki reported higher than expected Q3 results today posting higher sales, following a good response to new models like Ertiga and Swift Dzire.

The company's net profit rose 2.4% year on year at Rs 501 core for the quarter ended December, 2012.

The company reported net sales of Rs 11,200 crore, up by 45.6%. The growth in sales was due to higher volumes, favorable model mix, and enhanced export realisation.

Other income rose to Rs 189 crore from Rs 175 crore in the corresponding quarter of previous fiscal

Shares of the company rose 3.78% to Rs 1594 on BSE at 2.30 pm IST.

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