Maruti Suzuki Q4 net rises 42% to ₹2,671 cr. on higher sales
The Hindu
Maruti Suzuki India on Wednesday reported a 42% rise in consolidated net profit to ₹2,671 crore for the fourth quarter ended March, driven by higher sales, improved realisation and favourable forex movement.
Maruti Suzuki India on Wednesday reported a 42% rise in consolidated net profit to ₹2,671 crore for the fourth quarter ended March, driven by higher sales, improved realisation and favourable forex movement.
The country's largest carmaker logged a net profit of ₹1,876 crore in the January-March of 2021-22.
Net sales during the fourth quarter rose to ₹32,060 crore compared to ₹26,749 crore in the year-ago period, Maruti Suzuki India (MSI) said in a regulatory filing.
For the entire 2022-23, MSI posted a consolidated net profit of ₹8,211 crore against ₹3,879 crore in 2021-22.
Net sales last fiscal stood at ₹1,17,571 crore against ₹88,330 crore in 2021-22.
The company said its board has approved the creation of an additional capacity of up to 10 lakh cars per year to cater to the estimated market demand, including exports.
In the fourth quarter, the company said, it sold a total of 5,14,927 vehicles, higher by 5.3% year-on-year.
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