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Maruti Suzuki Q2 net rises four-fold as supply worries ease, stock upbeat

The standalone net profit increased to Rs 2,061.5 crore for the quarter, up from Rs 475.3 crore logged in the same period last year.

October 28, 2022 / 04:51 PM IST
 
 
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The country's largest car maker Maruti Suzuki India on October 28 reported a massive 334 percent year-on-year (YoY) growth in its standalone net profit for the quarter ended September FY23 (Q2FY23) on a low base.Higher commodity prices and chip shortage concerns had impacted earnings in the year-ago period.

Thus, easing of both concerns, along with healthy operating performance, sales volumes, top-line and higher other income supported the bottom line.

The standalone profit increased to Rs 2,061.5 crore for the quarter, up from Rs 475.3 crore logged in the same period last year.

Standalone revenue from operations surged 46 percent YoY to Rs 29,931 crore.