New Delhi: Maruti Suzuki India's net profit increased by 47 per cent to Rs 3,650 crore in the April-June quarter due to cost reduction measures, beneficial commodity prices, and gains in foreign exchange.
In the previous fiscal year's April-June quarter, the car company had reported a net profit of Rs 2,485 crore. According to a filing with the exchange, net sales rose to Rs 33,875 crore in the June quarter from Rs 30,845 crore in the same period last year. The biggest car manufacturer in the country reported a 5 per cent increase in sales during the first quarter, selling 5,21,868 vehicles compared to the previous fiscal year.
The company reported a 4 per cent increase in domestic sales in the first quarter, selling 4,51,308 units compared to the previous fiscal year. In the second quarter of the fiscal year, export sales reached 70,560 units, showing a 12 percent increase from the previous quarter. The company's shares on the BSE closed 2.28 per cent higher at Rs 13,167.95 each.
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