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Maruti Suzuki India Posts Quarterly Profit

Maruti Suzuki India Posts Quarterly Profit

Maruti Suzuki India Ltd reported a profit for the secondquarter on Thursday, as the lifting of coronavirus restrictions brought back customers to the carmaker's showrooms and also eased supply chain disruptions.

BENGALURU: Maruti Suzuki India Ltd reported a profit for the second-quarter on Thursday, as the lifting of coronavirus restrictions brought back customers to the carmaker’s showrooms and also eased supply chain disruptions.

India’s largest automaker by market capitalization reported a net profit of 13.72 billion rupees ($185.55 million) for the three months ended Sept. 30. The company posted a profit of 13.59 billion rupees a year earlier.

Maruti’s domestic unit sales rose 18.6% year-on-year to 370,619 vehicles.

Revenue from operations rose more than 10% to 187.45 billion rupees.

The company in July reported its first quarterly loss since listing in 2003.

($1 = 73.9430 Indian rupees)

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor


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