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Maruti Suzuki reports 2% rise in Q2 net profit at ₹1,419 cr

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The auto main had posted a net profit of ₹1,391.1 crore in the July-September quarter of the earlier fiscal.

The nation’s largest carmaker Maruti Suzuki India (MSI) on Thursday reported 2.04% improve in its consolidated net profit for the second quarter at ₹1,419.6 crore on the again of upper gross sales.

The auto main had posted a net profit of ₹1,391.1 crore in the July-September quarter of the earlier fiscal.

Total income from operations rose by 10.34 per cent to ₹18,755.6 crore for the second quarter as towards ₹16,997.9 crore in the identical interval of 2019-20, MSI mentioned in an announcement.

During the second quarter, the efficiency improved on the again of some demand restoration and gradual enchancment in provide situations, the auto main mentioned.

“Production across the company’s factories and supply chain was progressively ramped up consistent with our policy of maximum safety of the people and following all prescribed protocols to ensure this,” it added.

On a standalone foundation, the corporate posted a net profit of ₹1,371.6 crore, up 1% in comparison with ₹1,358.6 crore in the identical interval of the earlier fiscal.

Net gross sales stood at ₹17,689.Three crore for the interval beneath overview, up 9.7% from July-September interval of 2019-20.

The agency mentioned it offered 3,93,130 items throughout the September quarter, a development of 16.2% over the year-ago interval. This contains 3,70,619 items in the home market, a development of 18.6%.

Exports throughout the quarter stood at 22,511 items, a decline of 12.7% over the identical interval of the earlier fiscal.



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