Maruti Suzuki Q3 Results: Net profit up 33% to Rs 3,207 crore (YoY)
Revenue for the quarter came in at Rs 35,512.8 crore versus Rs 29,251.1 crore in the year ago period.
By Autocar Professional Bureau
3185 Views
The country's largest passenger carmaker Maruti Suzuki India Limited (MSIL)'s consolidated net profit for the quarter ended December stood at Rs 3,206.8 crore, marking a 33% jump on a year-on-year basis. Net profit last year was Rs 2,406.1 crore.
Revenue for the quarter came in at Rs 35,512.8 crore versus Rs 29,251.1 crore in the year-ago period. This translates roughly to a 15% year-on-year growth.
"We have a Buy rating on the stock. Continuing PV sales upcycle, new products in FY25 (Swift/Drize refreshes, GV variant and new E-SUV) and margin expansion should support earnings performance ahead," said Raghunandan NL, Director, Nuvama Institutional Equities.
He further added that the profit was above what they had estimated, owing to higher operating profit and other income.
In its filing to the exchanges, the company claimed to have crossed the annual sales milestone of 2 million units in calendar year 2023 for the first time.
RELATED ARTICLES
Envision Energy Unveils India’s First Race Car Made Entirely from E-Waste
Arunima Pal
09 May 2025
India has recorded a 72.54% increase in e-waste over the past five years, rising from 1.01 million metric tonnes in 2019...
Citroën and Jeep Announce Summer 2025 Service Campaigns Across India
Arunima Pal
09 May 2025
Both campaigns are applicable across all authorized Citroën and Jeep dealerships and workshops in India and offer severa...
Gabriel India Expands Production Capacity with Strategic Asset Purchase
Arunima Pal
09 May 2025
he move is expected to broaden Gabriel India’s product portfolio and customer base in the ride control sector.
