Maruti Suzuki's 8% Profit Surge in Q2

Maruti Suzuki India Ltd recorded an 8% increase in consolidated net profit, reaching Rs 3,349 crore for Q2 ending in September 2023, up from Rs 3,102.5 crore last year. Revenue rose to Rs 42,344.2 crore, while total expenses increased to Rs 39,018.4 crore compared to the previous year.

Maruti Suzuki India Ltd has announced a robust 8% rise in its consolidated net profit for the second quarter, posting Rs 3,349 crore up to September 30, 2023, compared to Rs 3,102.5 crore in the previous fiscal period.

The automotive giant's total revenue from operations also saw a notable increase, reaching Rs 42,344.2 crore against the Rs 37,449.2 crore reported in the corresponding quarter of the prior year.

However, the company experienced a rise in total expenses to Rs 39,018.4 crore, a significant jump from Rs 33,879.1 crore year-on-year, as disclosed in their regulatory filing.

(With inputs from agencies.)