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HomeBusinessMaruti Suzuki profit soars 51% to Rs 1,875 crore in Jan-Mar

Maruti Suzuki profit soars 51% to Rs 1,875 crore in Jan-Mar

Maruti Suzuki earnings soars 51% to Rs 1,875 crore in Jan-Mar

NEW DELHI: The nation’s biggest carmaker Maruti Suzuki India on Friday reported a 51.14 percent jump in consolidated net earnings to Rs 1,875.8 crore in the fourth quarter ended on March 31, 2022.
The company had actually posted a consolidated net revenue of Rs 1,241.1 crore in the same period of the previous fiscal, Maruti Suzuki India stated in a regulative filing.
Consolidated total income from operations stood at Rs 26,749.2 crore as against Rs 24,034.5 crore in the 4th quarter a year earlier, it added.
Total lorry sales in the quarter under evaluation stood at 4,88,830 systems, lower by 0.7 per cent compared to the same duration previous year.
Domestic sales were at 4,20,376 systems, a decrease of 8 per cent over that in Q4 FY21, the company said, adding exports were at 68,454 units which is the highest ever in any quarter.
For the financial ended March 31, 2022, the business said its consolidated net profit stood at Rs 3,879.5 crore as compared to Rs 4,389.1 crore in FY21, down 11.6 per cent.
Consolidated overall profits from operations for FY22 was at Rs 88,329.8 crore as against Rs 70,372 crore in FY21, it added.
The company sold a total of 16,52,653 automobiles during the year, up 13.4 percent over the previous year, it said, including domestic sales were at 14,14,277 units, up 3.9 percent over FY 2020-21.
“Production during the year was impacted by scarcity of electronic elements by an estimated 2,70,000 lorries, mainly domestic designs, since of which there were pending customer reservations of about 268,000 lorries at the end of the year,” Maruti Suzuki stated.
In addition, the first quarter saw an interruption owing to the second covid wave, it said.
Released at Fri, 29 Apr 2022 10:08:39 +0000

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