Business

Maruti Q2 net dips 66 pc to Rs 487 cr

The country’s largest carmaker Maruti Suzuki India on Wednesday reported a 66 per cent decline in consolidated net profit at Rs 487 crore in the second quarter ended September 30, 2021, as production was affected by the ongoing semiconductor shortage.

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Published:28th Oct, 2021 at 1:15 AM

New Delhi

The rise in commodity prices also had an adverse impact on the company’s earnings. The company had posted a consolidated net profit of Rs 1,420 crore in the second quarter last fiscal, Maruti Suzuki India said in a statement.

Consolidated revenue from operations stood at Rs 20,551 crore in the second quarter, as compared to Rs 18,756 crore in the year-ago period, it added.

Total vehicle sales were down 3 per cent at 3,79,541 units in the second quarter, as against 3,93,130 units in the corresponding period last fiscal, it said.

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Maruti Q2 net dips 66 pc to Rs 487 cr

The country’s largest carmaker Maruti Suzuki India on Wednesday reported a 66 per cent decline in consolidated net profit at Rs 487 crore in the second quarter ended September 30, 2021, as production was affected by the ongoing semiconductor shortage.

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