The country’s largest car company got a profit of 475 crores in the first quarter, sold 3,53,614 vehicles

Maruti Suzuki India has sold a total of 3,53,614 vehicles during the first quarter. The company’s sales in the domestic market stood at 3,08,095 units. At the same time, the company exported 45,519 vehicles during this period.

The sale of vehicles has increased in June. (signal picture)

The country has got relief from the second wave of Corona epidemic. Now gradually the losses to the industries have started to be compensated. Meanwhile, the auto sector, which is struggling with the decline in sales figures, has also started emerging. At the same time, the profit of the country’s largest car company Maruti Suzuki India has also increased.

Maruti Suzuki has posted a consolidated net profit of Rs 475 crore in the first quarter ended June 30 of the current financial year. Talking about the same quarter of the previous financial year, Maruti Suzuki India had a net loss of Rs 268 crore. Due to the second wave of COVID-19 in the first quarter, the company’s production and sales were badly affected. However, the situation was not as bad as the April-June quarter of the previous financial year.

Sales were messed up due to the pandemic

Maruti Suzuki said in a statement, “Though the figures for the first quarter were better on all parameters as compared to the same period of the previous financial year, it cannot be compared. In the same quarter of the last financial year, more bottlenecks were created due to the pandemic.

Maruti Suzuki India said that its Board of Directors has decided to confer the title of Honorary Chairman to Osamu Suzuki. Suzuki retired from the board of Suzuki Motor Corporation in June 2021. However, he will continue to be on the board of directors of Maruti Suzuki. The company said its total operating income increased to Rs 17,776 crore during the quarter from Rs 4,111 crore in the year-ago quarter.

A total of 3,53,614 vehicles were sold during the quarter

The company sold a total of 3,53,614 vehicles during the quarter. The company’s sales in the domestic market stood at 3,08,095 units. At the same time, the company exported 45,519 vehicles during this period. In the same quarter of the previous financial year, the company sold 67,027 vehicles in the domestic market and exported 9,572 vehicles. The company’s net profit stood at Rs 441 crore during the quarter on a standalone basis. The company had a net loss of Rs 249 crore in the same quarter a year ago.

The company’s stock closed at Rs 7,150.20, down 1.26 per cent on the BSE.

(with language input)

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