Maruti Suzuki Net Profits Down By 27% In Quater 1
The Board of Directors of Maruti Suzuki India Limited today approved the financial results for the period April-June, FY 2019-20 (Quarter 1).
Highlights: Quarter 1 (April-June) FY 2019-20
The Company sold a total of 402,594 vehicles during the Quarter, lower by 17.9% compared to the same period the previous year. Sales in the domestic market stood at 374,481 units, lower by 19.3%. Exports were at 28,113 units.
During the Quarter, the Company registered Net Sales of Rs. 187,352 million, lower by 14.1% compared to the same period the previous year.
Net profit for the quarter stood at Rs 14,355 million, lower by 27.3% compared to the same period previous year largely on account of lower sales volume and higher depreciation expenses.
