Maruti Suzuki India logs Rs 3,130 crore PAT for Q3

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CHENNAI: Passenger automobile main Maruti Suzuki India Ltd closed the third quarter of FY24 with the next web revenue of Rs 3, 130 crore on the again of decrease materials value and elevated gross sales quantity.

In a regulatory submitting on Wednesday, the corporate mentioned for the quarter ended 31.12.2023 it has earned gross sales income of Rs.31, 860 crore (Q3FY23 Rs 27, 849.2 crore) and an after tax revenue of Rs.3, 130 crore (Rs.2, 351.3 crore).

For the interval underneath evaluation, the corporate’s complete income from operations stood at Rs 33, 308.7 crore (Rs 29, 044.3 crore).

Through the third quarter, the corporate acquired Suzuki Motor Gujarat Non-public Restricted (SMG) buying 100 per cent its fairness shares Suzuki Motor Company (SMC), Japan for Rs 12, 841.1 crore.

In line with Maruti Suzuki, it had bought 501, 207 items throughout the third quarter up from 465, 911 items bought throughout the corresponding interval of the earlier yr.

The corporate mentioned softening of the commodity costs, improved capability utilisation and realisation and price discount efforts resulted in improved margin.

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