Maruti Suzuki reported a profit (standalone net profit) of Rs 3,069 crore in the second quarter (July-September) of the financial year 2024-25. There was a 17% decline on a year-over-year (YoY) basis. In the July-September quarter last year, the company had made a profit of Rs 3,717 crore.
The company’s operational revenue during the July-September quarter stood at Rs 37,203 crore. In July-September 2023, the company had generated a revenue of Rs 37,062 crore. There was a slight increase of 0.37% on an annual basis. Income from the sale of goods and services is called revenue.
Shares of Maruti Suzuki fell 6% after quarterly results. After the quarterly results, shares of Maruti Suzuki fell by around 6% today i.e. Tuesday, October 29 at 1:55 p.m. Maruti Suzuki shares fell 17.95% and 14.40% in six months.
The company’s shares have increased by 4.47% over the last year and by 5.63% this year, i.e. from January 1 to present. The market capitalization of the company is Rs 3.42 lakh crore.
After the release of quarterly results, Maruti Suzuki stock was down around 6% today, i.e. Tuesday, October 29 at 1:55 p.m.
What is autonomous and consolidated? Company results come in two parts – standalone and consolidated. Standalone displays the financial performance of a single unit. Whereas, in the consolidated financial reports, all companies are presented.
Suzuki Motor Gujarat merger Maruti Suzuki announces quarterly results The board of directors of Maruti Suzuki India has approved the merger of Suzuki Motor Gujarat Pvt Ltd. Last year, Suzuki Motor India had acquired Suzuki Motor Gujarat Private Limited (SMG). After which, it became a 100% subsidiary of Maruti Suzuki India.
Suzuki Motor Gujarat is an automobile manufacturing plant of Suzuki Motor India.
Maruti was established under the ownership of the Government of India in 1981. Maruti Suzuki was established as Maruti Industries Limited on February 24, 1981 under the ownership of the Government of India. In 1982, the company formed a joint venture ‘Maruti Suzuki India Limited’ with Suzuki Corporation of Japan.
The first budget car for Indians was the Maruti 800 launched in 1983. At an ex-showroom price of Rs 47,500, the company had made it possible for a large part of the country to buy the car. Maruti Suzuki has sold around 3 million vehicles in the country over the last 40 years.
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