Maruti Suzuki, India's top carmaker by volumes, reported a smaller-than-expected third-quarter profit on Wednesday, hurt by higher discounts and a dip in small car sales. The 'Alto' maker's standalone profit rose 12.

MSIL said that its total income jumped 15.4 per cent Y-o-Y to Rs 39,822 crore in the third quarter. Meanwhile, its total expenses increased 15.6 per cent Y-o-Y to Rs 35,163.1 crore

Despite strong results, Maruti Suzuki’s stock faced a slight dip, trading at Rs 12,010 on the Bombay Stock Exchange (BSE), down approximately 1.5 per cent from the previous day's close.