Business

Maruti Suzuki’s Q2 Profit Soars To Rs 3,717 Crore, Up Over 80%

Maruti Suzuki India recorded an 80.3 percent increase in net profit to Rs 3,716.5 crore in the July-September quarter, owing to stronger sales, softening commodity prices, cost-cutting efforts, and higher non-operating income.

Maruti Suzuki India stated in a statement that the company made a net profit of Rs 2,061.5 crore in the second quarter of FY23.

Due to improved sales volume and product mix, the company reported net sales of Rs 35,535.1 crore during the quarter under review, up from Rs 28,543.50 crore in the same quarter of the previous fiscal.

The company sold 5,52,055 automobiles during the quarter, compared to 5,17,395 units in the previous year’s second quarter.

According to the firm, of the 5,52,055 vehicles sold in the July-September period this year, 4,82,731 units were sold in the domestic market, while the remaining 69,324 cars were exported.

This quarter, the automaker also reported its highest-ever quarterly sales volume, net sales, and net profit.

Also read: Air India Names Klaus Goersch As Its New Chief Operating Officer

Spriha Rai

Recent Posts

Pakistan vs. India: Live Score Update From Champions Trophy 2025

The much-anticipated 5th match of the ICC Champions Trophy 2025 is underway today between India…

19 mins ago

Domestic & International Air Traffic Growth In January 2025

India’s domestic air passenger traffic rises 14.5% YoY in January 2025, with international traffic showing…

27 mins ago

India vs. Pakistan: Spin vs. Pace In High-Stakes ICC Champions Trophy 2025 Showdown

Cricket fans are eagerly anticipating one of the most exciting clashes of the ICC Champions…

44 mins ago

India Receives Prince Michael Decade Of Action Road Safety Award

India has been honored with the Prince Michael Decade of Action Road Safety Award for…

57 mins ago

Schneider Electric To Open Three New Plants In India

Schneider Electric announces plans to establish three new manufacturing plants in India, bolstering its presence…

1 hour ago

India’s Electricity Supply Grows In Rural, Urban Areas: Union Minister Khattar Highlights

Union Power Minister Manohar Lal Khattar announces a significant rise in electricity supply in rural…

2 hours ago