Maruti Suzuki in the second quarter (July-September) of the financial year 2024-25 Rs. 3,069 crore profit (standalone net profit). It has declined by 17% year-on-year. A year ago, the company made a profit of Rs 3717 crore in the July-September quarter.
The company's operational revenue for the July-September quarter was Rs. 37,203 crores. In July-September 2023, the company will spend Rs. 37,062 crores in revenue. There was a slight increase of 0.37% year-on-year. Earnings from the sale of goods and services are called revenue.
Shares of Maruti Suzuki fell 6% after the results
Shares of Maruti Suzuki fell nearly 6% at 1:55 pm today, Tuesday (October 29), after the quarterly results. Shares of Maruti Suzuki have fallen 17.95% and 14.40% in six months.
The company's shares have gained 4.47% in the past one year and 5.63% this year since January 1. The market cap of the company is Rs 3.42 lakh crore.
Shares of Maruti Suzuki fell nearly 6% at 1:55 pm today, Tuesday (October 29), after the quarterly results.
What is standalone and consolidated? Companies' results come in two parts – standalone and consolidated. Standalone shows the financial performance of only one unit. Whereas, consolidated financial reports report on entire companies.
Merger of Suzuki Motor Gujarat Maruti Suzuki Announces Quarterly Results The Board of Maruti Suzuki India has approved the merger of Suzuki Motor Gujarat Pvt. Last year, Suzuki Motor India acquired Suzuki Motor Gujarat Pvt Ltd (SMG). After which it became a 100% subsidiary company of Maruti Suzuki India.
Maruti was under the ownership of the Government of India in 1981 Maruti Suzuki was established as Maruti Industries Limited on 24 February 1981 under the ownership of the Government of India. In 1982, the company formed a joint venture 'Maruti Suzuki India Limited' with Japan's Suzuki Corporation.
The first budget car for Indians was the Maruti 800 which was launched in 1983. At an ex-showroom price of Rs 47,500, the company enabled a large segment of the country to buy the car. Maruti Suzuki has sold around 3 crore vehicles in the country in the last 40 years.
Image Credit: (Divya-Bhaskar): Images/graphics belong to (Divya-Bhaskar).
