Maruti Suzuki India Reports Robust Q1 Earnings: Net Profit Soars by 47%

Maruti Suzuki India reported a 47% increase in net profit, reaching Rs 3,650 crore for the April-June quarter, driven by cost reductions, favorable commodity prices, and forex gains. Net sales rose to Rs 33,875 crore. Domestic sales grew by 4%, while export sales jumped by 12%.

Maruti Suzuki India has posted a significant 47% jump in its net profit, amounting to Rs 3,650 crore for the April-June quarter. The impressive financial performance is attributed to cost reduction measures, favorable commodity prices, and beneficial foreign exchange rates.

According to an exchange filing, the automotive giant's net sales increased to Rs 33,875 crore, compared to Rs 30,845 crore in the same quarter last year. The report also highlighted that the company sold 5,21,868 vehicles in the first quarter, marking a 5% rise from the previous fiscal period.

Domestically, Maruti Suzuki sold 4,51,308 units, up by 4%, while export sales hit 70,560 units, registering a 12% increase. Shares of Maruti Suzuki ended the trading day 2.28% higher at Rs 13,167.95 apiece on the BSE.