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Maruti Suzuki Q3 Results: Profit Increases to Rs 2,351; Revenue Zooms 25% YoY


Last Updated: January 24, 2023, 13:24 IST

Maruti Suzuki Fronx (Photo: Paras Yadav/News18.com)

Maruti Suzuki Fronx (Photo: Paras Yadav/News18.com)

Maruti Suzuki Q3 Results Beats Estimates: Reports net profit for the quarter ending December at Rs 2,351 crore

Maruti Suzuki Q3 Results: Maruti Suzuki India Ltd’s net profit for the quarter ending December more than doubled on YoY basis to Rs 2,351 crore. Meanwhile, revenue from operations rose nearly 25 per cent on year to Rs 29,044 crore and was also higher than the estimated Rs 27,162 crore.

The company’s EBITDA margin also stood in excess of 9 per cent for the second quarter in a row.

For the December quarter, Maruti reported a 24.9 per cent growth in revenue compared to the year-ago period.

Sequentially, the bottomline increased by 14 per cent, but the topline fell by nearly 3 per cent.

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