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

Claims to sell 484,848 vehicles during the quarter, YoY decline of 1.5 percent.

Autocar Professional BureauBy Autocar Professional Bureau calendar 25 Oct 2018 Views icon4302 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
Maruti Suzuki posts Rs 21,551 crore in Q2 FY19, up 0.5%

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.

Also read: Top 10 Passenger Vehicles – September 2018

Top 10 Cars – September 2018

 

RELATED ARTICLES
JSW MG Motor India confident of selling 1,000 M9 electric MPVs in first year

auther Autocar Professional Bureau calendar11 Jul 2025

The 5.2-metre-long, seven-seater luxury electric MPV, which will be locally assembled at the Halol plant in Gujarat, wil...

Modern Automotives targets 25% CAGR in forged components by FY2031, diversifies into e-3Ws

auther Autocar Professional Bureau calendar05 Jul 2025

The Tier-1 component supplier of forged components such as connecting rods, crankshafts, tie-rods, and fork bridges to l...

VinFast’s second plant in Vietnam goes on stream ahead of India factory

auther Autocar Professional Bureau calendar30 Jun 2025

Vietnamese EV maker’s second plant in its home market, which has a 200,000 EVs-per-annum capacity, will focus on produci...