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.

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