Maruti Suzuki Q2 Results: Standalone earnings slides 17% YoY to Rs 3,069 crore, misses out on price quotes

Synopsis Maruti Suzuki Q2 Results: Maruti Suzuki India reported a 17% drop in standalone net earnings for the September quarter at Rs 3,069 crore. Income from operations saw a limited boost to Rs 37,203 crore. The business’s stock fell 6% following the statement. Domestic car sales decreased, while export volumes grew. ETMarkets.com Maruti Suzuki India (MSIL) on Tuesday reported a 17% drop in its standalone net revenue for the September quarter, at Rs 3,069 crore, compared to Rs 3,716.5 crore reported in the very same duration in 2015. The earnings figure was listed below Street quotes of Rs 3,525 crore. The business’s earnings from operations throughout the quarter stood at Rs 37,203 crore, a minimal boost of 0.37% compared to Rs 37,062 crore reported in the matching quarter of the previous fiscal year. The income likewise disappointed Street quotes of Rs 37,322 crore. The business offered an overall of 541,550 lorries throughout the quarter, making up 463,834 automobiles in the domestic market and 77,716 cars for export. While domestic volume decreased by 3.9%, export volume grew by 12.1% compared to the very same duration in 2015. The marketplace responded adversely to Maruti’s incomes, as the stock was up to a day’s low of Rs 10,794 on the NSE, plunging by 6% following the statement. The Profit Before Tax (PBT) for the quarter grew by 6.3% YoY to Rs 5,100 crore, marking the greatest figure ever for the business. ETMarkets.com In the 6 months ended September 30, 2024, MSIL offered an overall of 1,063,418 systems, making up 915,142 systems in the
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