Maruti Suzuki Q2 Results: The country’s largest automaker Maruti Suzuki said on Friday that it has registered record sales in the festive season. This time its quarterly profit has increased 4 times. With the sales of this festive season, it seems that the Indian auto industry is starting to boom again.
what the company said
Maruti Suzuki India says that it has a net profit of Rs 2,061.5 crore in the July-September quarter. This is an increase of 4 times as compared to the same quarter last year. If we talk about the September quarter of last year, then the company had a profit of Rs 475.3 crore. During this period, the operating revenue of the company grew by about 46 percent and it has reached Rs 29,931 crore.
36% higher sales
Maruti Suzuki India says that sales of its vehicles increased by 36 per cent in the September quarter due to the festive season. The company has sold a total of 517,395 units of cars, which is a record for sales in any quarter so far. This includes 4.54 lakh vehicles sold in the domestic market along with 63,195 vehicles exported in foreign markets. This demand has increased due to the opening of the market after the epidemic and the improvement on the employment front.
Delivery pending of 4.12 lakh vehicles
The sale of vehicles in the festive season is such that there are no vehicles left in the showroom. Also, customers have to face many months of waiting for delivery. Maruti Suzuki says that it has pending deliveries of 4.12 lakh vehicles, whose orders have been received till September. Out of this, 1.30 vehicles are from the recently launched models. The delivery of these vehicles may take a few more months.
This is the cost of the company
Maruti said that there has been a tremendous jump in profits due to record sales. The cost has gone up in many places. On the one hand, the company has taken advantage of tools like foreign exchange and has reduced its cost, during this time the expenditure on advertisements has increased significantly. Power and fuel prices have gone up significantly, which has increased the cost of production.