Maruti Suzuki Q1 Results: Profit falls 11% YoY to Rs 3,352 crore; revenue rises 36%
Maruti Suzuki reported an 11% year-on-year decline in Q1 standalone net profit to Rs 3,352 crore despite a 36% rise in revenue, as higher material costs weighed on earnings. Strong growth in SUV sales, exports and market share lifted volumes, while the board approved Rs 561 crore for biogas projects.
Maruti Suzuki reported an 11% year-on-year decline in Q1 standalone net profit to Rs 3,352 crore despite a 36% rise in revenue, as higher material costs weighed on earnings. Strong growth in SUV sales, exports and market share lifted volumes, while the board approved Rs 561 crore for biogas projects.
