Maruti Suzuki Q3 Updates: In the December quarter of FY 2021, Maruti Suzuki has reported better profits than anticipated. In the third quarter, Maruti Suzuki’s profit grew by about 24.1 percent to Rs 1,941.4 crore on an annual basis. Whereas the company had a profit of Rs 1,565 crore in the same quarter last year. During this time, the company’s earnings have also seen a growth of 13.3 percent. However, there has been some decrease in EBITDA margin during this period. The management of the company has said that the rise in commodity prices and unseen product mix has negatively impacted the company’s margins.
Income rose 13.3 percent
The company’s revenue in the third quarter grew by 13.3 percent to Rs 23,458 crore. The company’s revenue in the third quarter of last year was Rs 20,707 crore. The EBITDA of the company increased by 5.9 per cent to Rs 2,226 crore in the third quarter, from Rs 2,102 crore in the third quarter of last year.
EBITDA margin decreased
The company’s EBITDA margin on an annual basis in the third quarter of the financial year has been 9.5 per cent as against 10.1 per cent. On an annual basis, the company’s tax expense has increased from Rs 441.6 crore to Rs 508.4 crore. At the same time, the realization of the company in this quarter has been Rs 4.73 lakh per unit.