New Delhi, Jul 31: Maruti Suzuki India on Thursday posted a marginal increase in consolidated net profit to Rs 3,792 crore for the June quarter, with robust overseas shipments compensating for the drop in domestic sales.
Total Income Rises to ₹40,493 Cr in April-June Quarter
The country's largest carmaker reported a net profit of Rs 3,760 crore in the April-June period of the previous fiscal year. Total income increased to Rs 40,493 crore for the June quarter as compared with Rs 36,840 crore in the year-ago period.
Standalone Profit Up 2% to ₹3,712 Cr
On a standalone basis, the auto major reported a net profit of Rs 37,12 crore, an increase of 2 per cent as compared with Rs 3,650 crore in the June quarter of the previous fiscal year.
Net sales increased to Rs 36,625 crore in the first quarter as against Rs 33,875 crore in the year-ago period. The company, which rolls out models like Swift and Dzire, noted that the domestic passenger vehicle industry continued to witness a sluggish demand environment in the April-June period.
Domestic Sales Fall 4.5%, Exports Jump 37.4%
"For the company, a decline in domestic sales of 4.5 per cent was compensated by a robust 37.4 per cent growth in exports resulting in an overall sales volume increase of 1.1 per cent for the quarter, year-on-year," it stated.
Vehicle Sales Cross 5.27 Lakh Units in Q1
The company sold a total of 5,27,861 vehicles during the first quarter this year, comprising domestic sales of 4,30,889 units and exports of 96,972 units. Shares of the company settled 0.1 per cent up at Rs 12,634.45 apiece on the BSE.
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