Maruti Suzuki Q2 net profit dips 9.8% to Rs 2,240.4 cr as vehicle sale falls 1.5% to 4.85 lakh

Maruti Suzuki's net sales rose marginally to Rs 21,551.9 crore for the quarter under review, as against Rs 21,438.1 crore a year earlier

Press Trust of India October 25, 2018 14:55:56 IST
Maruti Suzuki Q2 net profit dips 9.8% to Rs 2,240.4 cr as vehicle sale falls 1.5% to 4.85 lakh

New Delhi: India's largest carmaker Maruti Suzuki India (MSI) on Thursday reported 9.8 percent decline in net profit to Rs 2,240.4 crore for the second quarter ended 30 September.

The company had reported a net profit of Rs 2,484.3 crore for the same period previous fiscal.

Net sales, however, rose marginally to Rs 21,551.9 crore for the quarter under review, as against Rs 21,438.1 crore a year earlier, MSI said in a statement.

During July-September period, the company sold a total of 4,84,848 vehicles, including 29,448 in overseas markets, a dip of 1.5 percent over the same period last fiscal.

The company's stock was trading 0.42 percent down at Rs 6,740.00 on the BSE.

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