Maruti Q3 results: Maruti Q3 net profit up 33% on rise in sales, SUV shift

New Delhi: Maruti Suzuki, India’s prime carmaker, recorded a 33% rise in fiscal third quarter internet revenue at ₹3,130 crore due to elevated automotive gross sales and a shift in the direction of increased margin-yielding sport-utility autos.

Web gross sales on the maker of Grand Vitara and Fronx SUVs grew 14% to ₹31,860 crore within the three months ended December 31.

Earnings earlier than curiosity, tax, depreciation and amortisation or Ebitda through the quarter elevated 38% from a yr earlier to ₹3,908 crore. Ebitda margin improved by 190 foundation factors (bps) to 11.7% from 9.8% helped by easing commodity costs, improved capability utilisation, value discount efforts and improved realisation.

The Suzuki Motor Corp. unit stated it bought a complete of 501,207 autos through the quarter. This comprised home gross sales of 429,422 models, clocking a 6.3% improve from a yr earlier regardless of the small automotive segment-where the corporate has a dominant presence–staying subdued. The corporate additionally exported 71,785 cars–its highest-ever for 1 / 4.

Maruti recorded its highest-ever nine-monthly gross sales quantity, internet gross sales and internet revenue between April and December 2023, in accordance with the corporate. Through the interval, the corporate bought a complete of 1,551,292 autos, a 6.9% rise from a yr earlier. Gross sales within the home market stood at 1,346,965 models and exports at 204,327 models.Web gross sales within the 9 months ended December 31 grew 20% to ₹98,240.3 crore. Web revenue through the interval surged 72% to ₹9,331.6 crore. Shares of Maruti Suzuki closed 2.27% increased at ₹10,183.30 apiece on the BSE, outperforming a 0.86% rise within the benchmark index.

(Now you can subscribe to our ETMarkets WhatsApp channel)

(What’s transferring Sensex and Nifty Observe newest market information, inventory suggestions and professional recommendation, Finances 2024 Information on ETMarkets. Additionally, ETMarkets.com is now on Telegram. For quickest information alerts on monetary markets, funding methods and shares alerts, subscribe to our Telegram feeds .)

Obtain The Financial Occasions Information App to get Every day Market Updates & Dwell Enterprise Information.

Subscribe to The Financial Occasions Prime and browse the Financial Occasions ePaper On-line.and Sensex Right this moment.

Prime Trending Shares: SBI Share Worth, Axis Financial institution Share Worth, HDFC Financial institution Share Worth, Infosys Share Worth, Wipro Share Worth, NTPC Share Worth