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What should investors do with Maruti Suzuki post Q2 results: Buy, sell or hold?

Maruti Suzuki India has reported a standalone profit after tax of Rs 475 crore for the quarter, decreasing 65 percent from Rs 1,372 crore reported in the same quarter last year.

October 28, 2021 / 10:04 AM IST
 
 
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Maruti Suzuki share price slipped in the early trade on October 28 after the company announced its September quarter results a day before.

On October 27, the India’s largest passenger vehicle manufacturer Maruti Suzuki India reported a standalone profit after tax of Rs 475 crore for the quarter, decreasing 65 percent from Rs 1,372 crore reported in the same quarter last year. On a sequential basis, profit improved marginally by 7 percent from Rs 441 crore reported in the June 2021 quarter.

The company managed to improve its standalone revenues from operations by 10 percent to Rs 20,539 crore for the quarter, compared to Rs 18,745 crore in September 2020 quarter. On a sequential basis, the revenues jumped 16 percent from Rs 17,771 crore.

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