Business EconomyPosted at: Oct 29 2024 3:35PM


Maruti Suzuki Q2 net profit falls 18 pc to Rs 3,102 crore

New Delhi, Oct 29 (UNI) Car market leader Maruti Suzuki on Tuesday reported an 18 per cent year-on-year decline in consolidated net profit to Rs 3,102.5 crore for the July-September quarter (Q2) of the current financial year 2024-25.
The company had posted a profit of Rs 3,786.2 crore in the Q2 of the previous financial year 2023-24.
The top carmaker's sales increased 0.14per cent to Rs 35,586.5 crore in the September quarter of the current fiscal from Rs 35,535.2 crore in the corresponding period of the previous year.
Maruti Suzuki said in a release that it sold a total of 5,41,550 vehicles during the September quarter, of which the domestic market volume was 4,63,834 vehicles and the export volume was 77,716 vehicles. While the domestic volume declined by 3.9 per cent, the export volume grew by 12.1per cent compared to the same period of the previous year.
The company noted that its net profit for the quarter under review declined due to a provision of Rs 837.6 crore resulting from the withdrawal of indexation benefit and change in tax rate on long term capital gains on debt mutual funds as per the Finance Act 2024.
"This impact was intimated earlier to the stock exchanges on 17th August 2024," it said.
UNI NK ARN
Please log in to get detailed story.
Tags: #Maruti Suzuki Q2 net profit falls 18 pc to Rs 3#102 crore
More News

MakeMyTrip sees 250 pc spike in Turkiye, Azerbaijan cancellations

14 May 2025 | 6:37 PM

New Delhi, May 14 (UNI) Amid rising diplomatic tensions following Turkiye and Azerbaijan’s public support for Pakistan in the aftermath of India's Operation Sindoor, Indian travellers are increasingly boycotting trips to the two nations.

see more..

Growing prominence of Life science industry impacts Real Estate development growth globally : CBRE Report

14 May 2025 | 6:08 PM

Hyderabad, May 14 (UNI) The growing prominence of the life sciences industry has significantly impacted the growth of real estate development globally, with more than 35 million sq. ft. of lab/research and development (R&D) properties under construction last year, said CBRE, world’s leading real estate consulting firm, in its report ‘Global Life Sciences Atlas,’ released on Wednesday.

see more..

Wacoal India opens new store in Mumbai

14 May 2025 | 6:02 PM

Mumbai, May 13 (UNI) Japanese premium lingerie brand Wacoal India on Wednesday announced the launch of its new exclusive store at Sky City Mall, Borivali, marking another step in its retail expansion in Mumbai.

see more..
Rupee rises 16 paise against USD

Rupee rises 16 paise against USD

14 May 2025 | 6:02 PM

Mumbai, May 14 (UNI) The rupee on Wednesday gained 16 paise to close positive at 85.26 against USD on brisk sell-off of the greenback by foreign banks and importers, dealers at the Forex Market said.

see more..

TCS partners with Khan Bank to enhance customer experience and propel innovation

14 May 2025 | 5:50 PM

Hyderabad, May 14 (UNI) Tata Consultancy Services (TCS), a global leader in IT services, consulting, and business solutions, on Wednesday said it has entered into a strategic alliance with Mongolia’s Khan Bank to help modernize its core digital banking platform and transform its banking operations.

see more..