Maruti Suzuki Q3 PAT up 16% at `3,727 cr; revenue at `38,764 cr

PTI NEW delhi

Maruti Suzuki India on Wednesday said its consolidated net profit jumped 16 per cent to Rs 3,727 crore in the December quarter, riding on higher sales. The country's largest carmaker had reported a net profit of Rs 3,207 crore in the October-December period of last fiscal.

Total revenue from operations grew to Rs 38,764 crore in the third quarter compared to Rs 33,513 crore in the year-ago period, Maruti Suzuki India said in a regulatory filing.On a standalone basis, the company said its net profit for the quarter stood at Rs 3,525 crore, an increase of 13 per cent over Rs 3,130 crore in the third quarter of 2023-24.

During the quarter, the automaker registered the highest-ever net sales (stand-alone basis) of Rs 36,802 crore compared to Rs 31,860 crore in the same period the previous year. Maruti Suzuki said it sold a total of 5,66,213 vehicles during the third quarter, an increase of 13 per cent over the same period of last fiscal.Sales in the domestic market were at 4,66,993 units while the exports stood at 99,220 units, the highest ever in any quarter.

The same period in the previous year saw total sales of 5,01,207 units comprising 4,29,422 units in domestic and 71,785 units in export markets. For the March-December period, the company said it recorded its highest-ever nine monthly sales volume, net sales and net profit.