Maruti Suzuki s Profit Soars 16% in Q3 : Maruti Suzuki India reported a consolidated net profit of Rs 3,727 crore in the December quarter, a 16 per cent increase year-on-year, helped by higher sales. Maruti Suzuki’s Profit Soars 16% in QThe country’s largest car manufacturer had posted a net profit of Rs 3,207 crore in the October-December quarter of the previous fiscal.
Revenue from operations rose to Rs 38,764 crore in the third quarter from Rs 33,513 crore in the same quarter of 2022, Maruti Suzuki India said in a regulatory filing.
On a standalone basis, the company reported a net profit of Rs 3,525 crore for the quarter, up 13 per cent from Rs 3,130 crore in the third quarter of 2023-24.
For the quarter, the automaker recorded its highest-ever net sales (stand-alone basis) of Rs 36,802 crore compared to Rs 31,860 crore for the same period last financial year.
Maruti Suzuki had reported sales of 5,66,213 vehicles in the July to September quarter, a 13 per cent increase year-on-year. Domestic sales stood at 4,66,993 units and exports were at 99,220 units, the highest ever in any quarter.
Total sales numbers stood at 5,01,207 units in the same period in 2022 including 4,29,422 units in domestic and 71,785 units in export markets. The company said it registered its highest ever nine monthly sales volumes, net sales and net profit for March-December period.
Total sales of the auto major climbed 5 per cent in the year-ago period at 1,629,631 units. The company’s sales were 1,382,135 units in the domestic market and 247,496 units in sales exports.
For the third quarter ended December 31, 2024, Maruti did a net profit of Rs 10,244 crore, up from Rs 9,331 crore in the same quarter of the previous financial year. Net sales increased to Rs 1,06,266 crore in the quarter under review compared to Rs 98,240 crore in the same period of 2023-24 financial year.
The company also said its board has finalized the scheme of amalgamation of Suzuki Motor Gujarat into itself. The board also approved the reappointment of Hisashi Takeuchi as the Managing Director and Chief Executive Officer of the company for a further period of three years.