Maruti Suzuki India reports net profit of Rs 1,372 crore in Q2

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BENGALURU: Maruti Suzuki India Ltd reported a profit for the second-quarter on Thursday, as the lifting of coronavirus restrictions brought back customers to the carmaker’s showrooms and also eased supply chain disruptions.
India’s largest automaker by market capitalization reported a net profit of Rs 1,372 crore ($185.55 million) for the three months ended September 30. The company posted a profit of Rs 1,359 crore a year earlier.
Maruti’s domestic unit sales rose 18.6% year-on-year to 370,619 vehicles.
Revenue from operations rose more than 10% to Rs 18,745 crore.
The company in July reported its first quarterly loss since listing in 2003.



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