Maruti Suzuki India Ltd.

Maruti Suzuki India has reported results for the quarter ended September 30, 2011.

The company’s net profit has declined by 59.81% at Rs 240.44 crore as compared to Rs 598.24 crore for the quarter ended September 30, 2010. The company’s total income has decreased by 14.36% at Rs 7949.36 crore for the second quarter of the current fiscal whereas the same was at Rs 9282.30 crore for the corresponding quarter of the previous fiscal.

The company posted a higher-than-expected fall in its fiscal second-quarter net profit, hurt by a weak rupee and as it lost output of 28,539 cars due to labor unrest at one of its factories. The company sold 252,307 vehicles in the quarter, down 20% from a year earlier. Local vehicles sales fell 20% to 222,406 vehicles while exports were lower by 16% to 29,901 vehicles.