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Maruti Suzuki | Maruti Suzuki’s profit grew four times in the second quarter, now profited at Rs 2,112.5 crore | Navabharat

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New Delhi: Country’s largest carmaker Maruti Suzuki India (MSI) reported a consolidated net profit of more than four times to Rs 2,112.5 crore in the second quarter of the current fiscal. Giving this information to the stock exchanges on Friday, the company said that its profit has increased due to record sales in the July-September quarter.

The company had posted a consolidated net profit of Rs 486.9 crore in the corresponding quarter of the previous financial year. According to MSI, its total operating income rose to Rs 29,942.5 crore in the quarter under review from Rs 20,550.9 crore a year ago. The automaker sold a total of 5,17,395 vehicles during the second quarter, which is its highest sales in any quarter.

The company’s sales in the domestic market during this period stood at 4,54,200 units. Maruti Suzuki said that production of around 35,000 vehicles was affected due to shortage of electronic components. In the same quarter last year also, the company’s sales stood at 3,79,541 units due to acute shortage of these devices. (agency)

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