Maruti Q2 profit drops 27% despite 26.5% jump in sales

Maruti Suzuki's net profit fell 27% year-on-year to ₹2,414.9 crore in the September quarter, hit by mark-to-market losses on mutual funds and the West Asia conflict. Net sales rose 26.1% to ₹50,615.5 crore as volumes climbed 26.5% to 696,654 units. SUV sales jumped 68.2%, and its domestic passenger vehicle share rose to 40.8%.