Maruti Suzuki FY25 Q1 Results:Maruti Suzuki on Wednesday announced the results of the first quarter ended June 30. In the first quarter of the current financial year, the company’s net profit increased by 47 percent to Rs 3,650 crore. Whereas in the same quarter last year, the company’s net profit was Rs 2,485 crore. The company says that cost reduction efforts, better commodity prices and foreign exchange gains have resulted in profit. This is the main reason for this increase.
Maruti Suzuki sold 521868 vehicles in the first quarter
In a communication sent to the stock market, Maruti Suzuki said that its net sales in the June quarter rose to Rs 33,875 crore, from Rs 30,845 crore in the same period a year ago. During this period, Maruti Suzuki, the country’s largest car manufacturing company, sold 5,21,868 vehicles. Which is 5 percent more than the same quarter a year ago. In the first quarter, the company’s sales in the country increased by 4 percent to 4,51,308 units.
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The company’s exports grew 12 percent to 70,560 units in the April-June quarter. The vehicle manufacturing company also said that its board of directors has recommended the appointment of Anjali Bansal and Irina Vittal as independent directors. The board of directors also recommended the re-appointment of Lira Goswami as an independent director. The company’s stock closed at Rs 13,167.95 on BSE, up 2.28 percent.