Maruti Suzuki Reports 16% Growth in Q3 Net Profit, Reaches ₹3,727 Crore

​​​​​​​Its revenue from operations increased by 15.7 per cent to Rs 38,764.3 crore in the third quarter of the current fiscal, up from Rs 33,512.8 crore in the same quarter of the previous fiscal.

The country’s leading car manufacturer, Maruti Suzuki India (NSE: MRTI) Ltd, on Wednesday reported a 16 per cent year-on-year increase in its net profit, which rose to Rs 3,727 crore for the October-December quarter of the current financial year, compared to Rs 3,206.8 crore in the same quarter last year.

Its revenue from operations increased by 15.7 per cent to Rs 38,764.3 crore in the third quarter of the current fiscal, up from Rs 33,512.8 crore in the same quarter of the previous fiscal.

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On the other hand, the auto major’s total expenses during the third quarter also rose by 16 per cent year-on-year, totaling Rs 35,163 crore.

On a standalone basis, the company’s net profit rose 13 per cent year-on-year to Rs 3,525 crore, compared to Rs 3,130 crore in the same quarter last year.

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The company’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) increased by 14.4 per cent year-on-year to Rs 4,470.3 crore, up from Rs 3,907.9 crore in the same quarter last year. However, the EBITDA margin fell slightly to 11.6 per cent from 11.7 per cent year-over-year.

The auto major also reported its highest-ever net sales of Rs 36,802 crore during the quarter, up from Rs 31,860 crore in the same period last year.

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Maruti Suzuki said in a regulatory filing that its sales rose nearly 13 per cent year-on-year. The company sold 5,66,213 vehicles during the quarter, compared to 5,01,207 units in the same quarter last year.

Maruti Suzuki sold 4,66,993 vehicles in the domestic market during the third quarter, compared to 4,29,422 units in the same quarter last year. It also exported 99,220 units during the quarter, the highest-ever in any quarter. Last year, during the same quarter, the company had exported 71,785 units.

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Read also| Bajaj Finance Reports 18% Rise in Q3 Profit, Reaches ₹4,308 Crore

Read also| Cipla's Q3 Net Profit Jumps 49% to ₹1,575 Crore, Revenue Up 7%

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