The company sold a total of 495,897 vehicles in the quarter, up 13.4% year-on-year. Sales in the domestic market were 467,369 units, an increase of 13.0%. Exports were 28,528 units, an increase of 20.6%.
The company reported to Rupee a 19.3% year-on-year increase in operating profit. 1,484.8 Chlore. This growth was due in part to higher sales volumes and cost-cutting efforts offset by higher commodity prices and adverse exchange movements.
The company’s revenue was supported by other revenues in the quarter reaching Rs 993.7, up 27% year-on-year.
Automakers said quarterly utilization improved. This reflects the company’s double-digit sales growth. The operational show was helped by reduced promotional costs and overall cost-cutting efforts.
According to the company, rising product prices weighed on profit margins, and sales of low-margin products weighed on operating margin performance rather than high-margin products.
Maruti Suzuki Q3 Results: Net Income Up 24% Rs 1,941 and Revenue Up 13%
https://economictimes.indiatimes.com/markets/stocks/earnings/maruti-suzuki-q3-results-net-profit-rises-24-to-rs-1941-cr-revenue-up-13/articleshow/80496690.cms Maruti Suzuki Q3 Results: Net Income Up 24% Rs 1,941 and Revenue Up 13%