Maruti Suzuki India Q2 Results:Maruti Suzuki India released the results of the second quarter (Q2FY25) of the financial year 2024-25 on Tuesday. In the second quarter, the company’s net profit declined by 18% to Rs 3,102 crore. In the same period of the last financial year, the net profit of the company was Rs 3,786 crore. The main reasons for the recent decline in profits are considered to be the change in tax rate on long-term capital gains and abolition of indexation benefits on debt mutual funds.
Slight increase in revenue
However, there was a slight increase in the total income from operations of the company. Maruti Suzuki’s revenue in the second quarter stood at Rs 37,449 crore, while it was Rs 37,339 crore in the same period last year. Despite this increase, no major change was seen in revenue.
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Mixed sales figures
The company’s net sales stood at Rs 35,589 crore, which was Rs 35,535 crore in the second quarter of last year. Maruti Suzuki sold a total of 5,41,550 vehicles, which includes 4,63,834 vehicles in the domestic market and 77,716 vehicles for exports. While there was a decline of 4% in domestic sales, there was an increase of 12% in exports.
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Important announcement of the company
Maruti Suzuki also announced that its board meeting has given in-principle approval to the merger of the company with Suzuki Motor Gujarat Pvt Ltd. This merger will be done under the provisions of the Companies Act, 2013 and the Income Tax Act, 1961.
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Maruti’s shares fell in the market
After the announcement of the results, there was a decline in the company’s shares on BSE. Shares of Maruti Suzuki were trading at Rs 10,800.60 per share, down by about 5.94%.Maruti Suzuki has faced some challenges in this quarter, but the situation may improve in the coming times due to improvements in the company’s export sector and strategic merger decisions. Investors should keep an eye on the future decisions of the company.
