{"id":155644,"date":"2023-11-01T11:07:35","date_gmt":"2023-11-01T15:07:35","guid":{"rendered":"https:\/\/44.250.171.167\/?p=155644"},"modified":"2023-11-01T11:07:36","modified_gmt":"2023-11-01T15:07:36","slug":"maruti-suzuki-india-ltd-q2fy24-78-rise-in-profits","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/maruti-suzuki-india-ltd-q2fy24-78-rise-in-profits\/","title":{"rendered":"Maruti Suzuki India Ltd Q2FY24; 78% rise in Profits"},"content":{"rendered":"<p>The Company was established in 1981. A joint venture agreement was signed between the Government of India and Suzuki Motor<br \/>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\u2019s largest subsidiary. SMC currently holds 56.28% of its equity stake.<br \/>The principal activities of the Company are manufacturing, purchase and sale of motor vehicles, components and spare parts.<\/p>\n<p>Financial Results:<\/p>\n<ul>\n<li>Maruti Suzuki India Ltd reported Revenues for Q2FY24 of \u20b937,073.00 Crores up from \u20b929,942.00 Crore year on year, a rise of 23.82%.<\/li>\n<li>Total Expenses for Q2FY24 of \u20b933,111.00 Crores up from \u20b927,926.00 Crores year on year, a rise of 18.57%.<\/li>\n<li>Consolidated Net Profit of \u20b93,764.00 Crores up 78.22% from \u20b92,112.00 Crores in the same quarter of the previous year.<\/li>\n<li>The Earnings per Share is \u20b9124.61, up 78.19% from \u20b969.93 in the same quarter of the previous year.<\/li>\n<\/ul>\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"839\" height=\"1024\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-18-839x1024.png\" alt=\"\" class=\"wp-image-155645\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-18-839x1024.png 839w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-18-246x300.png 246w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-18-768x937.png 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-18-1259x1536.png 1259w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-18.png 1489w\" sizes=\"auto, (max-width: 839px) 100vw, 839px\" \/><\/figure>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/ASAI-Product-2.gif\" alt=\"\" class=\"wp-image-155601\" width=\"435\" height=\"161\"\/><\/figure><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Company was established in 1981. A joint venture agreement was signed between the Government of India and Suzuki MotorCorporation (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\u2019s [&hellip;]<\/p>\n","protected":false},"author":1917,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,392],"tags":[80],"class_list":["post-155644","post","type-post","status-publish","format-standard","hentry","category-infographics","category-earnings","tag-automobile"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":166932,"url":"https:\/\/alphastreet.com\/india\/maruti-suzuki-india-ltd-q3fy25-16-rise-in-profits\/","url_meta":{"origin":155644,"position":0},"title":"Maruti Suzuki India Ltd Q3FY25; 16% rise in Profits","author":"Chirag Gupta","date":"February 17, 2025","format":false,"excerpt":"The Company was established in 1981. 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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. 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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. 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