Maruti Suzuki Q4 Results: Net profit falls 10% YoY, below es

Maruti Suzuki Q4 Results: Net profit falls 10% YoY, below estimates; sales surge


Maruti Suzuki Q4 Results: Net profit falls 10% YoY, below estimates; sales surge
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Last Updated: Apr 27, 2021, 03:25 PM IST
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Synopsis
Analysts had expected Maruti Suzuki India to report a 38 per cent year-on-year jump in net profit to Rs 1,785 crore for the quarter on revenues of Rs 23,704 crore.
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Maruti Suzuki’s year-on-year performance on the topline has been aided by the low base of the year ago quarter which was hit by the national lockdown to stem the pandemic.
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Maruti Suzuki India today reported a near 10 per cent year-on-year fall in net profit to Rs 1,166 crore for the quarter ended March. The company’s sales, however, soared 33.6 per cent on-year to Rs 22,958.6 crore.

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