Rediffmail Money rediffGURUS BusinessEmail

Maruti Suzuki profit jumps 47% in Q1

July 31, 2024 16:25 IST
Source:PTI

Maruti Suzuki India on Wednesday reported a 47 per cent jump in its net profit to Rs 3,650 crore for the April-June quarter on account of cost reduction efforts, favourable commodity prices and foreign exchange gains.

Photograph: Sunil Kataria/Reuters

The auto major had posted a net profit of Rs 2,485 crore in the April-June quarter of last fiscal.

 

Net sales increased to Rs 33,875 crore in the June quarter as compared with Rs 30,845 crore in the year-ago period, according to an exchange filing.

The country's largest carmaker said it sold 521,868 vehicles during the first quarter, up 5 per cent as compared to the same period previous fiscal.

The company said it sold 451,308 units in the domestic market in the first quarter, an increase of 4 per cent over the same period last fiscal.

Export sales were at 70,560 units in the April-June quarter, a growth of 12 per cent over the first quarter of last fiscal.

Source: PTI
© Copyright 2025 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.

RELATED STORIES

WEB STORIES

10 Instant Semolina Or Sooji Recipes To Start Your Day

India's Masala Omelette In Top World Egg Rankings

9 Key Tips To Keep Your Bathroom Clean

VIDEOS