Maruti Suzuki Q3: Internet profit falls 48% to Rs 1,011 cr among global nick shortage

Publish the quarterly results, shares of Maruti Suzuki on Tuesday traded whatsoever all-time high at Rs 8,524.80 each during late trade on BSE.

Leading auto manufacturing company Maruti Suzuki India Limited published a 48% year-on-year fall in standalone internet profit for that quarter ending 31 December, 2021, like a global nick shortage slowed production and material costs squeezed margins.

The organization reported an income of Rs 1,011 crore within the stated quarter in contrast to Rs 1,941 crore last year.

The very best automaker’s total revenue from operations was at Rs 23,246 crore versus Rs 23,458 crore within the same quarter last fiscal.

Maruti offered as many as 430,668 units throughout the quarter in review, less than 495,897 units within the same period, previous year.

The automaker stated the production was restricted with a global shortage within the way to obtain electronic components due to which an believed 90,000 units couldn’t be created.

Within the domestic market, the sales was at 365,673 units within the Quarter, against 467,369 units in Q3 FY21.

“There wasn’t any insufficient demand as the organization had greater than 240,000 pending customer orders in the finish from the quarter. Though still unpredictable, the electronics supply scenario is improving progressively,” it stated within the regulatory filing.

However, the automaker also stated it wishes to increase production in Q4FY22, though it wouldn’t achieve full capacity.

Further, the organization clocked its greatest ever exports at 64,995 units when compared with 28,528 units in Q3FY21. It was also 66% greater compared to previous peak exports in almost any Q3.

Throughout the Q3 FY 2021-22, the organization registered internet sales of Rs 221,87.6 crore million fot it of Rs 22,236.7 crore within the same period previous year.

Publish the quarterly results, shares of Maruti Suzuki traded in an all-time high at Rs 8,524.80 each during late trade on BSE.

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