Maruti net profit surges over 2-fold to Rs 2,525 cr in Q1 on robust sales, improved realisation

Jaipur, July 31, 2023.

Maruti Suzuki India (MSI) on Monday said its consolidated net profit surged over two-fold to Rs 2,525 crore for the first quarter ended on June 30, 2023, riding on the back of robust sales, improved realisation, cost reduction efforts and higher non-operating income.

The country’s largest carmaker reported a net profit of Rs 1,036 crore in the same period of 2022-23.

Total revenue from operations increased to Rs 32,338 crore in the April-June quarter from Rs 26,512 crore in the year-ago period, according to an exchange filing by the company.