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Maruti Suzuki said its net sales stood at Rs 35,535.10 crore for the quarter against Rs 28,543.50 crore in the same quarter last year, thanks to higher sales volume and product mix.
Revenue from operations during the second quarter increased 24% YoY to Rs 37,062 crore. Maruti said it recorded its highest-ever quarterly sale volume, net sales, and net profit in this quarter. ....
Higher volume and a superior product mix drove the companys revenue up 24% to a record Rs35,535 crore against Rs28,543 crore in the same period last year. A Bloomberg average based on the forecast of 18 brokerages estimated the company to report a net profit of Rs3040.7 crore on a revenue of Rs 36,743.10 crore. ....
Shares of India's largest carmaker Maruti Suzuki India were in focus today after the investment bank gave a buy call to the company with an upside of 35%. Shares of Maruti Suzuki gained 1.05% to Rs 8964.55 today against the previous close of Rs 8870.55 on BSE. Maruti Suzuki shares are trading higher than 100 day and 200 day moving averages but lower than 5-day, 20-day and 50-day moving averages. The large cap stock has risen 14.23% in a year and risen 20.7% in 2022. At 10:19 am, 3179 shares of the firm changed hands amounting to a turnover of Rs 2.84 crore on BSE. Market cap of the automaker rose to Rs 2.70 lakh crore. ....
Shares of Maruti Suzuki hit a fresh 52-week high today after the car maker reported better than expected earnings for the quarter ended September 2022. Maruti Suzuki reported a four-fold rise in net profit at Rs 2,061.50 crore in Q2 compared with a profit of Rs 475.30 crore in the corresponding quarter last year. Sales rose 47.91 per cent year-on-year (YoY) to Rs 28,543.50 crore from Rs 19,297.80 crore in the corresponding quarter last year. ....