Maruti Suzuki Q2: The effect of improved demand recovery and supply chain is now visible. Maruti Suzuki, the country’s largest auto maker, reported a profit of Rs 1371.6 crore in the second quarter of FY 2021. On a quarterly basis, the company has turned profitable from losses. At the same time, profit has increased by 1 percent on an annual basis. The company had a profit of Rs 1359 crore in the second quarter of last year. At the same time, in the June quarter i.e. the previous quarter, the company had a loss of about Rs 249 crore. On the results, the company management has said that the margin has been affected by the commodity price uncertainty. Supply is slowly improving. Recovery has also been seen in demand.
Sales of 3.93 lakh units
During July to September, Maruti Suzuki has sold a total of 3.93 lakh units. If you look at it on a quarterly basis, it has grown by 413 per cent. At the same time, it has grown at 16 percent on an annual basis. During this period, the company sold 3,70,619 units in the domestic market. Which is 18.6 percent more on an annual basis. While the exports stood at 22,511 units, which is 12.7 percent higher on an annual basis.
18,745 crore income
Maruti’s revenue in the second quarter was Rs 18,745 crore. The company’s income in the second quarter of last year was Rs 16,985 crore. Maruti’s EBITDA increased by 20 per cent to Rs 1933.6 crore in the second quarter. EBITDA margin of the company has increased 80 bps to 10.3 per cent during this period.
Other income decreased
Other income of the company in the second quarter has been reduced to Rs 603 crore from 920 crore in the second quarter of last year. The company’s tax expenditure in the second quarter increased to Rs 376.2 crore from 213.4 crore in the second quarter of last year. The company has seen a spectacular improvement over the June quarter. For the first time in two decades due to coronavirus infection, Maruti lost Rs 249.9 crore in the April-June quarter.