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  • Maruti Suzuki rises as Q3 PAT soars 132% YoY to Rs 2,351 cr

    Maruti Suzuki India gained 2.35% to Rs 8,621.25 after the auto major's standalone net profit zoomed 132.5% to Rs 2,351.3 crore on 25.52% jump in net sales to Rs 27,849.2 crore in Q3 FY23 over Q3 FY22.

    The company's profit before tax surged 141.79% to Rs 2,954.2 crore in Q3 FY23 from Rs 1,221.8 crore posted in the corresponding quarter previous year. Operating EBIT soared 131% to Rs 2,123 crore in Q3 FY23 from Rs 919 crore reported in Q3 FY22. Operating EBIT margin improved to 7.6% as on 31 December 2022 as against 4.1% as of 31 December 2021. Maruti Suzuki India sold a total of 465,911 vehicles during the quarter. Sales in the domestic market were 403,929 units and exports were 61,982 units. Shortage of electronic components impacted production by about 46,000 vehicles in this quarter. This was against total sales of 430,668 units comprising 365,673 units in domestic and 64,995 units in export markets in the same period, previous year. Pending customer orders stood at about 363,000 vehicles at the end of this quarter out of which about 119,000 orders were for newly launched models, the company said.

    Maruti Suzuki India is engaged in the manufacture, purchase and sale of motor vehicles, components, and spare parts (automobiles).



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Flash News 25-Mar-2023
  •  ( 17:07) Reliance Industries appoints Srikanth Venkatachari as CFO  
  •  ( 16:50) Shriram Finance to raise $150 mln via senior secured notes  
  •  ( 15:33) Tata Steel acquires stake in subsidiary for Rs 10-cr  
  •  ( 14:51) Paisalo Digital board to mull fund raising on Mar 29  
  •  ( 14:40) Alembic Pharma karkhadi facility gets two USFDA observations  
  •  ( 13:05) Godawari Power resumes operation of sponge iron plant  
  •  ( 12:09) Tube Invest, Premji Invest tieup to acquire Lotus Surgicals  
  •  ( 12:05) IOB raises Rs 1,000 crore via issue of non-convertible bonds  
  •  ( 11:05) BEL secures orders worth Rs 4,300-cr from Indian Army, Indian Navy  
  •  ( 11:04) Sun Pharma to acquire 60% stake Vivaldis Health for Rs 143 crore  
  •  ( 11:03) Centre hikes DA by 4% for govt employees, pensioners  
  •  ( 09:36) RBI imposes Rs 30 lakh penalty on Karur Vysya Bank  
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24 March 2023 00:00
2798.70
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840.50
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5650.65
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1241.05
(-3.81 %)
762.25
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2563.55
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1051.55
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1561.75
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2480.50
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852.05
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1010.20
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1380.45
(0.43 %)
378.70
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1691.55
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2163.10
(-1.95 %)
1150.20
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8236.25
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18951.65
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172.70
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222.45
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2203.50
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505.60
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972.80
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416.25
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102.15
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3121.45
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1101.55
(0.16 %)
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7401.35
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361.55
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