Maruti Falls After Profit Misses on Higher Costs, One-Off Charge

The Indian unit of Suzuki Motor Corp. reported third-quarter profit that missed analysts’ estimates as margin pressure from higher costs and one-time expenses outweighed strong festival-season demand. Shares slumped.

Maruti Suzuki India Ltd.’s net income rose 3.6% from a year earlier to 37.9 billion rupees ($413 million) in the three months ended December, the company said in a filing. That came amid a one-time cost of 5.9 billion rupees due to new labor laws, and lagged the 44.16 billion-rupee average of analysts’ estimates compiled by Bloomberg.