<p>Bengaluru: Maruti Suzuki India, the country's top carmaker by sales, on Friday sailed past quarterly profit estimates as strong sport utility vehicles (SUVs) sales and cooling input costs boosted margins.</p>.<p>Maruti's profit after tax for the three months to Sept. 30 rose 80 per cent to 37.17 billion rupees ($446.64 million), well above analyst estimates of 30.08 billion rupees, LSEG data showed.</p>.<p>The results sent shares up 4 per cent to 10,845 rupees.</p>.<p>Margins on earnings before interest, taxes, depreciation and amortization (EBITDA) at the company, majority-owned by Japan's Suzuki, expanded to 12.91 per cent from 9.25 per cent a year earlier.</p>.<p>"This is an exceptional performance on the operational front, which no one on the street expected. Maruti's outperformance would be hard to match by rivals, and warrants a potential re-rating on the stock," said Amit Hiranandani, automobile sector lead analyst at brokerage SMIFS.</p>.<p>The maker of the 'Brezza' SUV is the first of India's listed carmakers to report results and benefit from a better share of sales from the revenue and margin-boosting SUVs, analysts have said.</p>.<p>Improved semiconductor availability has helped Maruti and its smaller rivals boost production of the chip-heavy SUVs, instead of smaller cars where sales have fallen.</p>.Canara Bank Q2 net profit rises 43%, NPAs decline.<p>Utility vehicles sales - which includes SUVs and the seven-seater 'Ertiga'- comprised 32 per cent of quarterly volumes, up from 16 per cent a year earlier, sending revenue up 25 per cent to 355.35 billion rupees.</p>.<p>During the quarter, Maruti also said it aims to nearly double production capacity to 4 million units from the current 2.25 million by 2031, for which it would invest at least 450 billion rupees.</p>.<p>Maruti shares have advanced 26.4 per cent this year, trailing the Nifty Auto index's 28.3 per cent rise.</p>.<p>Smaller rival Tata Motors will report results on Thursday, while Mahindra and Mahindra is due to publish its earnings on November 10. </p>
<p>Bengaluru: Maruti Suzuki India, the country's top carmaker by sales, on Friday sailed past quarterly profit estimates as strong sport utility vehicles (SUVs) sales and cooling input costs boosted margins.</p>.<p>Maruti's profit after tax for the three months to Sept. 30 rose 80 per cent to 37.17 billion rupees ($446.64 million), well above analyst estimates of 30.08 billion rupees, LSEG data showed.</p>.<p>The results sent shares up 4 per cent to 10,845 rupees.</p>.<p>Margins on earnings before interest, taxes, depreciation and amortization (EBITDA) at the company, majority-owned by Japan's Suzuki, expanded to 12.91 per cent from 9.25 per cent a year earlier.</p>.<p>"This is an exceptional performance on the operational front, which no one on the street expected. Maruti's outperformance would be hard to match by rivals, and warrants a potential re-rating on the stock," said Amit Hiranandani, automobile sector lead analyst at brokerage SMIFS.</p>.<p>The maker of the 'Brezza' SUV is the first of India's listed carmakers to report results and benefit from a better share of sales from the revenue and margin-boosting SUVs, analysts have said.</p>.<p>Improved semiconductor availability has helped Maruti and its smaller rivals boost production of the chip-heavy SUVs, instead of smaller cars where sales have fallen.</p>.Canara Bank Q2 net profit rises 43%, NPAs decline.<p>Utility vehicles sales - which includes SUVs and the seven-seater 'Ertiga'- comprised 32 per cent of quarterly volumes, up from 16 per cent a year earlier, sending revenue up 25 per cent to 355.35 billion rupees.</p>.<p>During the quarter, Maruti also said it aims to nearly double production capacity to 4 million units from the current 2.25 million by 2031, for which it would invest at least 450 billion rupees.</p>.<p>Maruti shares have advanced 26.4 per cent this year, trailing the Nifty Auto index's 28.3 per cent rise.</p>.<p>Smaller rival Tata Motors will report results on Thursday, while Mahindra and Mahindra is due to publish its earnings on November 10. </p>