Maruti Suzuki posts Rs 21,551 crore in Q2 FY19, up 0.5%

by Autocar Pro News Desk , 25 Oct 2018


Maruti Suzuki, in its latest financial results for FY19, has claimed to have sold a total of 975,327 vehicles in H1, a growth of 10 percent over the same period of the previous year. The company sold a total of 484,848 vehicles during the second quarter, lower by 1.5 percent 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 for H1 FY19. Similarly, in Q2, sales in the domestic market stood at 455,400 units and exports were at 29,448 units.

During the first half of the fiscal, the company registered net sales of Rs.43,362 crore, up 12.4 percent over the same period in the previous year. In the second quarter, the company registered net sales of Rs. 21,551crore, a growth of 0.5 per cent over the same period last year.

Net profit in H1 FY19 stood at Rs. 4,215 crore, up 4.3 percent as compared to the same period last year and the net profit for the quarter stood at Rs 2,240.4 crore, lower by 9.8 percent.

The operating profit in H1 FY19 was Rs. 5,341 crore, a growth of 15.1 percent and in Q2 FY19 it was Rs 2,710 crore, lower by 9.5 percent over the same periods in the previous year on account of higher sales volume and cost reduction efforts partially offset by increase in commodity prices and adverse foreign exchange movement.

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