Net profit rose 4 times to Rs 2,061 crore, with the company’s stock up 5% after the results. Maruti Suzuki Q2 net profit up 4 times to Rs 2,061.5 crore

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The country’s largest car company Maruti Suzuki on Friday (Oct 28) announced results for the second quarter ended September 2022 (Q2FY23). During the quarter, the company’s net profit grew by 333% ie 4 times year-on-year to Rs 2061 crore. It was Rs 475 crore in the same quarter last year.

Revenue grew 46% to Rs 29,931 lakh crore
The company’s standalone revenue grew 46% year-on-year to Rs 29,931 lakh crore in the second quarter, from Rs 20,538 lakh crore in the previous year. The company’s operating profit (EBITDA) for the quarter increased by nearly 42% to Rs 2,046.30 crore.

It was Rs 855 crore in the same quarter last year. At the same time, the company’s operating profit margin (EBITDA margin) increased by 505 bps to 9.25% from 4.2%.

The company has sold more than 5 lakh vehicles in this quarter
The company sold a total of 5,17,395 vehicles in the quarter, the highest in any quarter. The company has sold 4 lakh 54 thousand 200 units in the domestic market. The company had its highest sales revenue in the second quarter of FY2023.

The company’s stock rose 5% after Q2 results
After Maruti Suzuki’s stunning results, the company’s stock also rose tremendously. Shares of the company closed up around 5.60% at 9,548 on Friday (October 28).

Also made a new 52-week high
Not only this, the company’s stock also touched the level of 9,549.95, making a new 52-week high during the trading session. This is the biggest gain in Maruti shares in last 4 months.

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