SynopsisIn the July-September quarter, Maruti Suzuki India experienced a notable 26% decrease in net profit compared to last year.
Still, revenue shot up by 26% year-on-year, totaling Rs 53,356 crore.
Rising material and labor expenses grew total costs by about 30%, which hurt profit margins.
Nonetheless, the company hit an impressive milestone with its highest quarterly sales volume of 6.97 lakh units.
Synopsis
In the July-September quarter, Maruti Suzuki India experienced a notable 26% decrease in net profit compared to last year. Still, revenue shot up by 26% year-on-year, totaling Rs 53,356 crore. Rising material and labor expenses grew total costs by about 30%, which hurt profit margins. Nonetheless, the company hit an impressive milestone with its highest quarterly sales volume of 6.97 lakh units.
