Price hikes, top-end car sales drive Maruti Q3 net up 130% to Rs 2,391 cr

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Revenue for MSIL, India’s largest carmaker with over 40 per cent market share in the passenger vehicle segment, surged 26.9 per cent YoY to Rs 29,918 crore in Q3, while its expenses were up 20.6 per cent at Rs 26,960 crore in the same period.

According to the company’s filing with the BSE, cost reduction efforts, improved realisation, favourable foreign exchange variation, softening commodity prices techgamingreport, and higher non-operating income were the reasons behind the rise in its net profit in the third quarter.

“Pending customer orders stood at about 363,000 f 150 vehicles at the end of this quarter (Q3), out of which about 119,000 orders were for newly launched models,” the firm noted.

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