The Business Bytes
TBB BUREAU
NEW DELHI, OCT 27, 2023
Riding on better sales, softening commodity prices and higher non-operating income, Maruti Suzuki India on Friday reported 80.3 per cent growth in its net profit at Rs 3,716.5 crore in July-September quarter (Q2FY24) as against Rs 2,061.5 crore in the corresponding period in the previous fiscal.
The company registered net sales of Rs 35,535.1 crore in Q2FY24, against Rs 28,543.50 crore recorded in the same quarter of the previous fiscal, owing to higher sales volume and product mix, it said.
The company sold 5,52,055 vehicles during the quarter under review as compared to 5,17,395 units in the same period last year.
Of the 5,52,055 vehicles sold in the July-September period this year, 4,82,731 units were sold in the domestic market while the remaining 69,324 cars were exported, registering highest-ever quarterly sale volume, net sales and net profit in this quarter.
