Maruti Suzuki Q3 net profit doubles, shares jump

Maruti Suzuki shares were trading more than 2% higher on the BSE in afternoon trades, at Rs 8,595 each.

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Maruti Suzuki India Ltd recorded a considerable increase in net profit for the third quarter ending December 2022 (Q3 FY23) at ₹2,351 crore, more than doubling from ₹1,011 crore in the previous quarter.

Meanwhile, the automaker’s income from operations increased by roughly 25% year on year to ₹29,044 crore from ₹23,246 crore (YoY).

Maruti Suzuki shares were trading more than 2% higher on the BSE in the afternoon trade on Tuesday. In a year, the vehicle stock has increased by more than 7%.