Categories AlphaGraphs, Earnings

Maruti Suzuki India Ltd Q2FY24; 78% rise in Profits

The Company was established in 1981. A joint venture agreement was signed between the Government of India and Suzuki Motor
Corporation (SMC), Japan in 1982. The Company became a subsidiary of SMC in 2002.It is the market leader in passenger vehicle segment in India. In terms of production volume and sales, the Company is now SMC’s largest subsidiary. SMC currently holds 56.28% of its equity stake.
The principal activities of the Company are manufacturing, purchase and sale of motor vehicles, components and spare parts.

Financial Results:

  • Maruti Suzuki India Ltd reported Revenues for Q2FY24 of ₹37,073.00 Crores up from ₹29,942.00 Crore year on year, a rise of 23.82%.
  • Total Expenses for Q2FY24 of ₹33,111.00 Crores up from ₹27,926.00 Crores year on year, a rise of 18.57%.
  • Consolidated Net Profit of ₹3,764.00 Crores up 78.22% from ₹2,112.00 Crores in the same quarter of the previous year.
  • The Earnings per Share is ₹124.61, up 78.19% from ₹69.93 in the same quarter of the previous year.

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