Maruti Suzuki has made a profit (standalone net profit) of Rs 3,069 crore in the second quarter (July-September) of the financial year 2024-25. There has been a decline of 17% on annual basis (YoY). In the July-September quarter a year ago, the company had made a profit of Rs 3717 crore.
The company's operational revenue in the July-September quarter stood at Rs 37,203 crore. In July-September 2023, the company had generated revenue of Rs 37,062 crore. There was a slight increase of 0.37% on annual basis. Earning from selling goods and services is called revenue.
Maruti Suzuki shares fell 6% after the results After the quarterly results, Maruti Suzuki shares fell by about 6% today i.e. Tuesday (October 29) at 1:55 pm. Maruti Suzuki shares have fallen 17.95% and 14.40% in six months.
The company's shares have risen 4.47% in the last one year and 5.63% this year i.e. from January 1 till now. The market cap of the company is Rs 3.42 lakh crore.
After the quarterly results, Maruti Suzuki shares were down by about 6% today i.e. Tuesday (October 29) at 1:55 pm.
What is standalone and consolidated? The results of companies come in two parts – standalone and consolidated. Standalone shows the financial performance of only one unit. Whereas, in consolidated financial reports the entire companies are reported.
Maruti was owned by 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 Suzuki Corporation of Japan.
The first budget car for Indians was the Maruti 800 launched in 1983. At an ex-showroom price of Rs 47,500, the company had enabled a large section of the country to buy the car. Maruti Suzuki has sold about 3 crore vehicles in the country in the last 40 years.
Graphics Source: VaskarAssets
