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News Details

Maruti Suzuki India posts Q1 net profit of Rs 440.80 cr

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29/07/2021 07:30
The company reported standalone net profit during the quarter stood at Rs 440.80 crore compared to net loss of Rs 249.40 crore in the previous year quarter.

Net revenue of the company rose three fold by 383.23 per cent at Rs 17,770.70 crore in April-June quarter of this fiscal as against Rs 3,677.50 crore in the corresponding period last year.

During April-June quarter, operating expenses increased by 241.05 per cent to Rs 16,949.60 crore from Rs 4,969.90 crore in year ago period.

Other Income dipped by 61.48 per cent at Rs 507.80 crore versus (Jun'20 Rs 1,318.30 crore).

Operating Profit surged by 195.10 per cent to Rs 821.10 crore as against Rs -863.40 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 119.68 per cent in June quarter.

Interest grew by 28.32 per cent y-o-y to Rs 22.20 crore, while Taxation increased by 227.41 per cent at Rs 122.70 crore (Jun'20 Rs -96.30 crore).