Wednesday, February 19, 2025
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Maruti Q4 net profit rises 48% to Rs3,878cr

Company surpasses annual total sales milestone of 2m units in FY24

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New Delhi: The countryโ€™s largest car maker Maruti Suzuki India on Friday reported a 47.8 per cent rise in net profit for the March quarter of FY24 to Rs3,877.8 crore, on account of higher sales volume and favourable commodity prices.

The auto major had reported a net profit of Rs2,623.6 crore in the year-ago period, Maruti Suzuki India said in a regulatory filing.

โ€œFor the first time, the company surpassed annual total sales milestone of 2 million units in FY24. The company continued to be the top exporter for the third consecutive year, now contributing 41.8 per cent of total passenger vehicle exports from India,โ€ the company stated.

Maruti Suzuki shares were trading at Rs12,687.05 apiece at the dayโ€™s close, down 1.7 per cent from its previous close on the BSE.

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