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NEW DELHI: India's largest carmaker Maruti Suzuki on Thursday posted a net profit of Rs 1,975.3 crore in the first quarter, an increase of nearly 27 per cent. The company's net sales stood at Rs 21,810.7 crore.
Maruti sold a total of 4,90,479 vehicles during the quarter, a growth of 24.3 per cent over the same period of the previous year, the automaker said in a statement. Sales in the domestic market stood at 4,63,840 units, a growth of 25.9 per cent. Exports were at 26,639 units.
The company said the operating profit was Rs 26,31.3 crore, a growth of 59.7 per cent over the same period previous year on account of higher sales volume, favourable product mix and cost reduction efforts, partially offset by adverse commodity prices and forex rates.
While the operating profit increased by 59.7 per cent, the net profit increased by 26.9 per cent on account of lower non-operating income due to mark-to-market impact on the invested surplus, compared to last year, it added.
Maruti sold a total of 4,90,479 vehicles during the quarter, a growth of 24.3 per cent over the same period of the previous year, the automaker said in a statement. Sales in the domestic market stood at 4,63,840 units, a growth of 25.9 per cent. Exports were at 26,639 units.
The company said the operating profit was Rs 26,31.3 crore, a growth of 59.7 per cent over the same period previous year on account of higher sales volume, favourable product mix and cost reduction efforts, partially offset by adverse commodity prices and forex rates.
While the operating profit increased by 59.7 per cent, the net profit increased by 26.9 per cent on account of lower non-operating income due to mark-to-market impact on the invested surplus, compared to last year, it added.
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