BS Reporters / New Delhi/Mumbai July 22, 2008, 0:37 IST

The country's largest carmaker Maruti Suzuki saw net profit slide 6.75 per cent for the first quarter ended June 2008, from the same period last year, mostly on account of rising raw material costs, a change in accounting norms and a loss from derivative instruments.

Q1 net profit stood at Rs 465.8 crore against Rs 499.6 crore in Q1 of the last financial year, which was below analysts' expectations. Revenue growth at 21 per cent over the same period previous quarter to Rs 4,753.5 crore, however, was in line with the forecasts.