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Maruti Suzuki Ltd has reported a ₹2,240.4 crore net profit for the second quarter of financial year 2018-2019. This is 9.8 per cent lower than the ₹2,484.3 crore reported in the same quarter last fiscal.
However, total income of the company was higher at ₹22,959.8 crore against ₹22,291.1 crore.
A company statement said, “The company sold a total of 4,84,848 vehicles during the quarter, lower by 1.5 per cent over the same period of the previous year. Sales in the domestic market stood at 4,55,400 units and exports were at 29,448 units.”
During the quarter, the company registered net sales of ₹21,551.9 crore, a growth of 0.5 per cent over the same period last year…The operating profit was ₹2,710.1 crore, lower by 9.5 per cent over the same period in previous year on account of increase in commodity prices, adverse foreign exchange movement and higher sales promotion expenses partially offset by cost reduction efforts.”
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