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Maruti Suzuki Q2 Results LIVE: Net profit declines 17.4% to ₹3,069 crore, revenue up 0.37%

Maruti Suzuki Q2 Results LIVE: Auto manufacturer Maruti Suzuki reported a 17.4% decline in its standalone net profit to ₹3,069.2 crore in the quarter ended September 2024. The post-tax profit stood at ₹3,716.5 crore in the same period last fiscal.

Maruti Suzuki Q2 Results Live Update at 02:43 pm: Financial summary

Net profit: ₹3,069.2 crore, down 17.4 YoY

Revenue: ₹37,202.8 crore, up 0.37%

EBITDA: ₹4,417 crore, down 7.7%

Margin: 11.9%, down 100 bps

Maruti Suzuki Q2 Results Live Update at 02:42 pm: Price information

Current price: ₹10,940 (-4.72%)

Previous close: ₹11,483.2

Open: ₹11,450

High: ₹11,483

Low: ₹10,742.4

Maruti Suzuki Q2 Results Live Update at 02:26 pm: The company's market capitalisation stands at ₹3,41,441.2 crore as shares decline 5.4% to ₹10,860 on the NSE.

Maruti Suzuki Q2 Results Live Update at 02:05 pm: The quarter's profit before tax (PBT) grew by 6.3% year-on-year to ₹51,00.5 crore, the company's highest ever.

Maruti Suzuki Q2 Results Live Update at 02:00 pm: During the quarter, the carmaker registered net sales of ₹3,55,89.1 crore against ₹35,535.1 crore in the same period of the previous fiscal year.

Maruti Suzuki Q2 Results Live Update at 01:55 pm: The NIFTY Auto index is down 2.16% due to a decline in share prices of Maruti Suzuki, Tata Motors, Mahindra & Mahindra, Bajaj Auto and Hero MotoCorp.

Maruti Suzuki Q2 Results Live Update at 01:50 pm: Following the earnings, shares of Maruti Suzuki declined 5.8% to ₹10,815 apiece on the NSE. On the BSE, the stock shed 5.9% to ₹10,801 a unit.

Maruti Suzuki Q2 Results Live Update at 01:45 pm: The company sold a total of 541,550 vehicles during the quarter, of which the domestic market volume was 463,834 vehicles and the export volume was 77,716 vehicles. While the domestic volume declined by 3.9%, the export volume grew by 12.1% compared to the same period of the previous year.

Maruti Suzuki Q2 Results Live Update at 01:39 pm: Earnings before interest, taxes, depreciation, and amortisation (EBITDA) declined 7.7% to ₹4,417 crore in the latest July-September quarter against ₹4,784 crore a year back. The margin also declined 100 basis points to 11.9%.

Maruti Suzuki Q2 Results Live Update at 01:35 pm: Revenue from operations increased 0.37% to ₹37,202.8 crore in the quarter under review, compared to ₹37,062.1 crore in Q2 FY24.

Maruti Suzuki Q2 Results Live Update at 01:32 pm: Auto manufacturer Maruti Suzuki reported a 17.4% decline in its standalone net profit to ₹3,069.2 crore in the quarter ended September 2024. The post-tax profit stood at ₹3,716.5 crore in the same period last fiscal.

Maruti Suzuki Q2 Results Live Update at 12:42 pm: Maruti Suzuki's Board on Tuesday approved amalgamation of Suzuki Motor Gujarat Private Limited, a wholly owned subsidiary with the Company.

"The amalgamation will be implemented in terms of the relevant provisions of the Companies Act, 2013 read with the rules made thereunder, Income Tax Act, 1961 and other applicable laws, as amended from time to time," the company said in a regulatory filing.

Maruti Suzuki Q2 Results Live Update at 12:22 pm: Board of Directors

RC Bhargava, Chairman

Hisashi Takeuchi, Managing Director & CEO

Kenichi Ayukawa, Director

Toshihiro Suzuki, Director

Kazunari Yamaguchi, Director (Production)

Kenichiro Toyofuku, Director (Corporate Planning)

Kinji Saito, Director

Maheswar Sahu, Independent Director

Lira Goswami, Independent Director

Anjali Bansal, Independent Director

Ireena Vittal, Independent Director

Maruti Suzuki Q2 Results Live Update at 12:04 pm: The market capitalisation of the company stands at ₹3,51,343.30 crore as shares trade 2.6% lower on the NSE.

Maruti Suzuki Q2 Results Live Update at 11:33 am: Price information

Current price: ₹11,225.65 (-2.24%)

Previous close: ₹11,483.2

Open: ₹11,450

High: ₹11,483

Low: ₹11,167

Maruti Suzuki Q2 Results Live Update at 11:12 am: Shares of carmaker are trading 2.5% lower at ₹11,185.8 apiece on the NSE.

Maruti Suzuki Q2 Results Live Update at 11:00 am: The auto manufacturer will announce its financial results for the July-September quarter of FY25 on Tuesday.

Maruti Suzuki Q2 Results LIVE: Carmaker Maruti Suzuki India Limited will declare its earnings for the second quarter of the financial year 2024-25 (Q2 FY25) on Tuesday, October 29.

According to experts, the country's largest auto manufacturer's revenue from operations and net profit are likely to suffer due to a slowdown in car sales.

Maruti Suzuki Q2 Results: Net profit likely to grow 6%-10% YoY

The profit after tax (PAT) is likely to grow between ₹3,650 crore and ₹4,029 crore in the latest September quarter, an increase of 6% to 10% compared to the year-ago period.

The revenue is likely to be in the range of ₹36,865 crore to ₹37,424 crore, up 3%-5% year-on-year (YoY).

In Q1 FY25, standalone net profit increased 46.9% YoY to ₹3,650 crore. Revenue from operations rose 10% YoY to ₹35,531 crore.

Maruti Suzuki share price

Ahead of the results announcement, shares of Maruti Suzuki India were trading 1.9% lower at ₹11,259.5 apiece on the NSE. It was down 1.9% to ₹11,264.5 a unit on the BSE.


Source: upstox

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