Maruti Suzuki net profits jump 60 per cent in second quarter

The company had posted a net profit of Rs 1,497 crore during the July-September period of last fiscal, 2015-16.

By: PTI | New Delhi | Published:October 27, 2016 1:48 pm

Country’s largest carmaker Maruti Suzuki India Thursday posted 60.18 per cent jump in net profit to Rs 2,398 crore for the second quarter ended September 30 of the current fiscal. The company had posted a net profit of Rs 1,497 crore during the July-September period of last fiscal, 2015-16. Its total income from operations rose by 29.28 per cent to Rs 20,296.8 crore during the second quarter as against Rs 15,699.7 crore in the year-ago period, Maruti Suzuki India said in a BSE filing.

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The company sold 4,18,470 vehicles during the quarter under review, a growth of 18.4 per cent over a year ago.

Maruti Suzuki’s shares were trading at Rs 5,932.10 a piece, up 1.02 per cent, on BSE in the afternoon.