The country’s largest car maker Maruti Suzuki India (MSI) today reported a net profit of Rs 475 crore for the first quarter ended June 30. As a result, the company had a net loss of Rs 268 crore in the same quarter of the previous financial year. The company’s production and sales were severely impacted in the first quarter due to the second wave of the Kovid-19. However, the situation was not as bad as the April-June quarter of the previous financial year.
In a statement, Maruti Suzuki said: “The first quarter figures are better than all previous parameters in the previous fiscal year, but they are not comparable.
If the bank sinks or closes, customers get up to Rs 5 lakh in 90 days
MSI said its board of directors had decided to give Osamu Suzuki an honorary chairmanship. Suzuki retired in June 2021 from the board of Suzuki Motor Corporation. However, he will continue to be on the board of directors of Maruti Suzuki. Total operating income of the company rose to Rs 17,776 crore during the quarter, the company said.
The company had sold 3,53,614 vehicles during the quarter. In the domestic market, the company’s sales stood at 3,08,095 units. During the same period, the company exported 45,519 vehicles. The company had sold 9,572 vehicles in the domestic market in the same quarter last year. The company’s net profit for the quarter was Rs 441 crore. The company reported a net loss of Rs 249 crore for the same quarter a year ago. Shares of the company fell 1.26 per cent to Rs 7,150.20 on BSE.
