Nissan Motor posted a sharp increase in second-quarter net profit thanks to sales growth in most markets, and raised its fiscal-year earnings projections.

The Japanese carmaker said Thursday that net profit surged to 190.735 billion yen ($1.26 billion) for the three months ended Sept. 30, from Y17.36 billion a year earlier. That exceeded the estimate of Y90.925 billion in a poll of analysts by data provider Quick.