Maruti Suzuki profit jumps 42 pc in fourth quarter
Maruti Suzuki profit jumps 42 pc in fourth quarter
New Delhi, April 26 -The country’s largest car company Maruti Suzuki India (MMI)’s integrated net profit increased by 42 percent to Rs 2,671 crore in the fourth quarter of the last financial year (2022-23) ended in March. The company gave this information on Wednesday.
The company said improved sales, better realizations and favorable foreign exchange movements boosted its profit.
MSI had earned a net profit of Rs 1,876 crore in the March quarter of the previous financial year 2021-22.
The company’s net sales increased from Rs 26,749 crore to Rs 32,060 crore in the quarter under review.
MSI’s integrated net profit for the full financial year 2022-23 stood at Rs 8,211 crore. In the financial year 2021-22, this figure was Rs 3,879 crore.
The net sales of the company also increased from Rs 88,330 crore to Rs 1,17,571 crore during the financial year. The scrip of the company was trading flat at Rs 8,475 on the BSE.
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