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Maruti Suzuki reports 4-fold jump in net profit at Rs 2,062 crore

Maruti Suzuki reports 4-fold jump in net profit at Rs 2,062 crore

Sales for the quarter jumped 47.91 per cent year-on-year (YoY) to Rs 28,543.50 crore from Rs 19,297.80 crore in the corresponding quarter last year.

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Ebit margin for the quarter stood at 7.2 per cent against 0.5 per cent in the year-ago quarter, up 670 basis points. Ebit margin for the quarter stood at 7.2 per cent against 0.5 per cent in the year-ago quarter, up 670 basis points. 
Amit Mudgill
  • Oct 28, 2022,
  • Updated Oct 28, 2022 2:47 PM IST

Maruti Suzuki on Friday reported a four-fold jump in net profit at Rs 2,061.50 crore for the September quarter compared with a profit of Rs 475.30 crore in the same quarter last year. 

Sales for the quarter jumped 47.91 per cent year-on-year (YoY) to Rs 28,543.50 crore from Rs 19,297.80 crore in the corresponding quarter last year. 

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Operating Ebit soared 20.71 times to Rs 2,046.30 crore from Rs 98.80 crore in the year-ago quarter, the company said in an exchange filing.

Ebit margin for the quarter stood at 7.2 per cent against 0.5 per cent in the year-ago quarter, up 670 basis points.   The auto maker said that a relatively better sales volume leading to improved capacity utilisation. The numbers were aided by cost reduction efforts, favourable foreign exchange variation and improved realisation.

Following the results, the scrip jumped 3.30 per cent to Rs 9,345 on BSE.

Maruti Suzuki on Friday reported a four-fold jump in net profit at Rs 2,061.50 crore for the September quarter compared with a profit of Rs 475.30 crore in the same quarter last year. 

Sales for the quarter jumped 47.91 per cent year-on-year (YoY) to Rs 28,543.50 crore from Rs 19,297.80 crore in the corresponding quarter last year. 

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Operating Ebit soared 20.71 times to Rs 2,046.30 crore from Rs 98.80 crore in the year-ago quarter, the company said in an exchange filing.

Ebit margin for the quarter stood at 7.2 per cent against 0.5 per cent in the year-ago quarter, up 670 basis points.   The auto maker said that a relatively better sales volume leading to improved capacity utilisation. The numbers were aided by cost reduction efforts, favourable foreign exchange variation and improved realisation.

Following the results, the scrip jumped 3.30 per cent to Rs 9,345 on BSE.

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ABOUT THE AUTHOR

Amit Mudgill

A financial journalist with over 18 years of experience in print and digital media, I cover India's capital markets, focusing on stocks, IPOs, mutual funds, corporate earnings, and market trends. Currently with Business Today, I report on equities, corporate developments, fundraising activity, and the broader investment landscape, delivering timely, data-backed insights to investors and readers.

Previously, I worked with The Economic Times and Deccan Chronicle, covering business, markets, and corporate affairs. My experience spans breaking news, analysis, and long-form features, with a strong focus on financial markets and investment-related reporting.

I am on the go 24/7:  Saying 'Good Night' to Dow Jones and 'Good Morning' to Gift Nifty comes naturally. Ask me about data and you'll hear stories. Away from markets, I enjoy stargazing, astrophotography, reading about India's neighbourhood, and playing video games.

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