The Board of Directors of Maruti Suzuki India Limited today approved the financial results for the period Q2 (July-September) FY24.
Highlights: Q2 (July-September), FY24
The Company recorded its highest-ever quarterly sale volume, net sales and net profit in this quarter. During the quarter 552,055 vehicles were sold. Sales in the domestic market were 4,82,731 units while 69,324 cars were exported. The same period in the previous year had seen total sales of 5,17,395 units comprising 4,54,200 units in domestic and 63,195 units in export markets.
During the quarter, the Company registered net sales of Rs 3,55,351 million against Rs 2,85,435 million in the same period the previous year owing to higher sales volume and product mix.
The net profit for the quarter was Rs 37,165 million, an increase of 80.3% over Rs 20,615 million in Q2 FY23. This was on account of higher Net Sales, softening of commodity prices, cost reduction efforts and higher non-operating income.
Highlights: H1 (April-September), FY24
In H1 FY24, the Company recorded its highest-ever half-yearly sales volume, net sales and net profit. The Company sold a total of 1,050,085 units during the period, a growth of 6.6% over H1 FY23. Sales in the domestic market stood at 9,17,543 units and exports at 1,32,542 units.
The Company registered net sales of Rs 6,63,803 million in H1 FY24 as compared to Rs 5,38,298 million in H1 FY23. The company made a net profit of Rs 62,016 million in H1 FY24 as against Rs 30,743 million in H1 FY23.
