Maruti Suzuki India on Friday posted a 7% increase in consolidated net profit to Rs 3,293 crore for the September quarter. The country's largest carmaker reported a net profit of Rs 3,069 crore in the July-September period of the previous fiscal year.
The company's total revenue from operations increased 13% to Rs 42,101 crore in the September quarter as compared with Rs 37,203 crore in the year-ago period.
Total income increased to Rs 43,014 crore for the quarter under review as compared with Rs 38,678 crore in the year-ago period.
The earnings before interest, taxes, depreciation and amortization (EBITDA) increased 0.4% to Rs 4,434 crore from Rs 4,417 crore in the year-ago period, while the margin was reported at 10.53% from 11.87% year-on-year (y-o-y).
"Domestic wholesales declined 5.1% y-o-y to 4,40,387 units in the quarter due to customers deferring buying because of expectation of Goods and Services Tax (GST) led price reduction from 22nd September," the carmaker said in a regulatory filing.
"Exports grew by a robust 42.2% y-o-y to 1,10,487 units, the highest-ever in any quarter," Maruti said, adding that the overall sales volume grew 1.7% y-o-y to 5,50,874 units in the quarter.
During the quarter, the carmaker launched the Victoris mid-size SUV.
Shares of Maruti Suzuki India were trading lower at Rs 16,165 per share on the NSE, down 0.25%.
Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
