Auto sector giant Maruti Suzuki released its December quarter (Q3FY24) results.
The company has seen a good increase in profits. On annual basis, the company’s profit has increased by more than 33% to Rs 2,351.3 crore. Along with this, the company’s income also saw an increase of about 15%. The company had an income of Rs 33,308.7 crore in this December quarter. At the same time, in the December quarter last year it was Rs 29,044.3 crore.
Maruti Suzuki Q3FY24 Results (Standalone, YoY)
- Income increased from Rs 29,044.3 crore to Rs 33,308.7 crore, an increase of 14.7%.
- Profit increased from Rs 2,351.3 crore to Rs 3,130 crore, an increase of 33.1%.
- EBITDA increased from Rs 2,833.1 crore to Rs 3,907.9 crore, an increase of 37.9%.
- Margin increased from 9.75% to 11.73%, an increase of 197 bps.
There was a rise in the company’s shares after the December quarter results. The company’s shares rose 2.85% intraday to reach an intraday high of 10235.60. At present, it is trading at 10,147.35, up 1.97%.
