Maruti Suzuki India Limited reported a robust standalone net profit of Rs 3,130 crore for the December quarter, marking a significant 33% increase from the previous year. The stellar performance is attributed to a favorable product mix, higher realizations, and improved volumes. In comparison, the Profit After Tax (PAT) during the same quarter last year was Rs 2,351.3 crore.
The country’s largest carmaker witnessed a 15% rise in revenue, reaching Rs 33,309.7 crore from Rs 29,044.3 crore in the year-ago period. The results surpassed analysts’ expectations, with the average estimate of seven brokerage firms projecting a profit of Rs 2,838 crore, up 21%. Revenue was anticipated to rise 15% on-year to Rs 33,385 crore.
Maruti Suzuki’s earnings before interest, tax, depreciation, and amortization (EBITDA) registered an impressive 38% increase on-year, reaching Rs 3,909 crore.
During the quarter, Maruti Suzuki achieved strong sales figures, totaling 501,207 vehicles. Despite a subdued small car segment, domestic sales stood at 429,422 units. The company also marked a milestone by exporting 71,785 cars, the highest-ever in any quarter, compared to 465,911 units in the previous year.
The exceptional financial performance reflects Maruti Suzuki’s resilience and market strength, showcasing its ability to navigate challenges in the automotive sector.
