27 October 2023 | 04:00 pm
Maurti Suzuki shares in the fast lane | Q2 results
Shares of Maruti Suzuki closed 1% higher after the company’s Q2 net profit beat the street estimate of 3,041 crore. New model launches including Grand Vitara, Jimny and Fronx drove the sales growth. The automaker also benefited from the easing of commodity prices.
27 October 2023 | 02:30 pm
SUV focus | Q2 results
The management said that it achieved a leadership position in the SUV space, supported by a strong product line. In September, Maruti Suzuki commanded a market share of 23.3% in the SUV segment. The revenue and profit growth has been driven by SUV sales, which were up 117% year-on-year.
27 October 2023 | 02:20 pm
Robust profitability | Q2 results
Operating EBIT margin was up 400 basis points to 11.2%. This was driven by improved realisation, softening of commodity prices, cost reduction efforts and improved capacity utilisation.
27 October 2023 | 02:15 pm
Maruti Suzuki announces September quarter results | Q2 results
Shares of India’s largest passenger vehicle is up around 4% after reporting robust September quarter numbers. Net sales have risen by 24.5% to 35,535 crore. The net profit has zoomed by 80% ₹2,061 crore. This is the highest-ever quarterly net sales and net profit for the company.
27 October 2023 | 02:00 pm
Q2 estimates for Reliance Jio | Q2 results
Analysts expect Reliance Jio’s EBITDA to grow 3% quarter-on-quarter to ₹13,000 crore in Q1 FY24. This would be led by subscriber additions and increase in average revenue per user.
27 October 2023 | 01:30 pm
Robust June quarter results | Q2 results
In Q1 FY24, Maruti Suzuki’s net profit soared 145% year-on-year to ₹2,485 crore. This was due to robust sales volume growth, improved realisation and cost reduction efforts. In the June quarter, pending orders stood around 355,000.
27 October 2023 | 12:30 pm
Q2 FY24 Preview | Q2 results
The automaker’s net profit is expected to rise by 50% year-on-year, supported by favourable product mix and price hikes. The revenue is also expected to grow 25% year-on-year, driven by rise in volumes and average selling price.
27 October 2023 | 12:00 pm
Business Update | Q2 results
In September, Maruti Suzuki sold 1.81 lakh units, up around 4% year-on-year. Alto, S-Presso, and Swift were among the top-selling models in the mini and compact car segment last month. Meanwhile, In the first half of FY24, the automaker sold more than 10 lakh units.
27 October 2023 | 11:30 am
Festive demand drives sales
Car sales hit a record high of 3.63 lakh units in September, up 2.4% year-on-year. The passenger vehicle sales were driven by festive demand and new SUV launches such as Honda Elevate, Citroen C3 Aircross, and Tata Nexon.
27 October 2023 | 11:00 am
New models launched
Maruti Suzuki has been aiming to increase its market share in the SUV space. The company launched two new models in Q1 FY24 (June Quarter) – Fronx (April 2023) and Jimny 5-Door (June 2023).
27 October 2023 | 10:30 am
India’s largest car maker | Q2 results
Maruti Suzuki manufactures more than 150 variants or models of cars at its two manufacturing facilities – Gurgaon and Manesar. The company is a part of the benchmark NIFTY50 index and NIFTY Auto Index. It is the largest constituent in the NIFTY Auto Index with around 18% weightage.
27 October 2023 | 10:00 am
Q2 update: Maruti Suzuki shares on the rise
Maruti Suzuki is expected to announce its September quarter results today. Ahead of the Q2 results, shares of India’s largest car maker rose in the early trade. Analysts expect the automaker’s Q2 net profit to go up nearly 50%, supported by favourable product mix and price hikes.
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