Maruti Suzuki reports lower than expected Q1FY22 numbers amid covid concerns; company posts profit YoY
India’s largest carmaker — Maruti Suzuki on Wednesday reported a net profit of Rs 440.8 crore in the first quarter of the financial year 2021-22, as against a Rs 249.4 crore loss in the same period a year ago. While on a sequential basis, the profit slumped 62 per cent from Rs 1166.1 crore in Q4 FY21.
The company sold a total of 3,53,614 units during the April-June quarter: PTI