Maruti Suzuki Q2 Results Highlights: From decline in profit to sales growth, check key details
Maruti Suzuki sold a total of 484,848 vehicles during the Quarter, lower by 1.5 per cent over the same period of the previous year.
India's largest carmaker Maruti Suzuki has today reported a net profit of Rs 2,240.4 crore, down by 9.8 per cent, for the second quarter ended September 30. The company had reported a net profit of Rs 2,484.3 crore for the same period last year. The company has registered a slight growth in net sales. Check Maruti Suzuki Q2 Results Highlights here:
Highlights: Q2 (July-September 2018-19)
1. The Company sold a total of 484,848 vehicles during the Quarter, lower by 1.5 per cent over the same period of the previous year. Sales in the domestic market stood at 455,400 units and exports were at 29,448 units.
2. During the Quarter, the Company registered Net Sales of Rs 21,551.9 crore, a growth of 0.5 per cent over the same period last year.
3. The operating profit was Rs 2710.1 crore, lower by 9.5 per cent over the same period previous year on account of increase in commodity prices, adverse foreign exchange movement and higher sales promotion expenses partially offset by cost reduction efforts.
4. Net profit for the Quarter stood at Rs 2240.4 crore, lower by 9.8 per cent.
Highlights: H1 (April-September 2018-19)
1. The Company sold a total of 975,327 vehicles in H1, a growth of 10 per cent over the same period of the previous year. Sales in the domestic market stood at 919,240 units and exports were at 56,087 units.
2. During the period, the Company registered Net Sales of Rs 43,362.6 crore, up 12.4 per cent over the same period previous year.
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3. The operating profit was Rs 5,341.4 crore, a growth of 15.1 per cent over the same period previous year on account of higher sales volume and cost reduction efforts partially offset by increase in commodity prices and adverse foreign exchange movement.
4. Net profit in H1 (2018-19) stood at Rs 4,215.7 crore, up 4.3 per cent compared to the same period last year.
5. While the operating profit increased by 15.1 per cent, the net profit increased by 4.3 per cent due to lower non-operating income due to mark-to-market impact on the invested surplus, compared to same period last year.
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