Maruti Suzuki Q1 profit surges 130 per cent amid low base

New Delhi, July 27: India’s largest car manufacturer Maruti Suzuki India Limited on Wednesday reported a standalone net profit of Rs 1,012.8 crore for the first quarter of the current financial year, registering a year-on-year growth of 130 per cent, partly due to low base.

In April-June 2021 quarter Maruti Suzuki posted a consolidated net profit of Rs 440.80 crore. In the first quarter of the last financial year, the company’s earnings were badly hit due to the second wave of the COVID pandemic.

Maruti Suzuki’s revenue surged by 50.52 per cent YoY to Rs 25,286.30 crore for the quarter ended June 30, 2022 as compared to Rs 16,798.70 crore recorded in the corresponding quarter of the last year.