Tag: marutisuzuki

The Shares of the country's largest car maker Maruti Suzuki India gained 5 percent and touched 1 year high of Rs 9492.55 today after its net profit jumped by 333 percent to Rs 2061.5 crore in Q2 of FY23 compared to the corresponding period of last year on the back of the resolution of chip supply issues, favorable foreign exchange rates, and highest-ever unit sales. Standalone revenue from operations surged 46 percent YoY to Rs 29,931 crore. The company's market cap is nearly ₹2.87 lakh crore. The company sold a total of 517,395 vehicles during the quarter, the highest ever in any quarter. Sales in the domestic market stood at 454,200 units,” its statement said. Therefore, the company also posted the highest-ever sales revenue of Rs 28,545 crore in Q2 of FY23. Shortage of electronic components impacted production by about 35,000 vehicles during the quarter, the company said. Read more

The country’s largest carmaker Maruti Suzuki India (MSI) on Wednesday reported a a standalone net profit of Rs 440.8 crore for April-June quarter of FY22 (Q1FY22), hit by increased tax expenses and lower sale volumes. The company had posted a net loss of Rs 249.4 crore in the year-ago period. Revenue for the quarter jumped more than four times to Rs 17,770.7 crore against Rs 4,106.5 crore in Q1FY21. On a quarterly basis, the income tumbled 26 per cent from Rs 24,023.7 crore.T he profit declined 62.19 per cent from Rs 1,166.1-crore profit reported in the March quarter of FY21 as auto sales remained disrupted due to localised lockdown during April and May.The numbers came below market expectations. A CNBC-TV18 poll of analysts had estimated the profit and revenue numbers at Rs 675.7 crore and Rs 17,929 crore, respectively, for the quarter. Read more

Maruti Suzuki shares rose 5.5 percent to Rs 7,299 on the BSE in intra-day trade on Tuesday after automobile maker Maruti Suzuki India on Monday said it will hike prices of its cars in the second quarter of the current fiscal due to an increase in the input costs. Maruti Suzuki has not specified the extent of the price hike yet. “Over the past year, the cost of the company's vehicles continues to be adversely impacted due to an increase in various input costs. Hence, it has become imperative for the company to pass on some impact of additional cost to customers through a price rise. The price rise has been planned in quarter 2 and the increase shall vary for different models,” Maruti Suzuki said in a statement. On January 18 this year, the automaker had announced a price hike of select models by up to Rs 34,000 due to a rise in input costs. On April 16, Maruti Suzuki announced the weighted average price increase in ex-Showroom Prices (Delhi) across models of 1.6 percent. Read more

India’s largest passenger car manufacturer Maruti Suzuki India on Tuesday reported a near 10 percent year-on-year fall in net profit to Rs 1,166 crore for the quarter ended March on account of lower sales volume, increase in commodity prices, adverse foreign exchange movement, and lower non-operating income. During the previous year, the company reported a profit of Rs 1,291.7 crore. Revenue from operations in Q4 FY21 stood at Rs 24,023.7 crore, up 32 percent from Rs 18,198.7 crore in the year-ago period backed by strong double-digit growth in sales. In the December quarter of the current fiscal, PAT stood at Rs 1,941.4 crore. On a consolidated basis, the net profit slipped 6.1 percent to Rs 1,241.1 crore. Analysts had expected Maruti to report a 38 percent year-on-year jump in net profit to Rs 1,785 crore for the quarter on revenues of Rs 23,704 crore. Read more