Maruti Suzuki has made a profit (standalone net profit) of Rs 3,069 crore in the second quarter (July-September) of FY 2024-25. It has declined by 17% on an annual basis (YoY). In the July-September quarter a year ago, the company had a profit of Rs 3717 crore.
The company’s operational revenue stood at Rs 37,203 crore in the July-September quarter. In July-September 2023, the company generated a revenue of Rs 37,062 crore. There was a marginal increase of 0.37% on an annual basis. Selling goods and services generates revenue.
Maruti Suzuki stock fell 6% after the results
After the quarterly results, the comany’s stock fell by about 6% today i.e. Tuesday (October 29) at 1:55 pm. Maruti Suzuki’s stock has fallen by 17.95% and 14.40% in six months.
The company’s stock has risen by 4.47% in the last year and 5.63% this year i.e. from January 1 till now. The company’s market cap is Rs 3.42 lakh crore.
What is standalone and consolidated?
Companies’ results come in two parts – standalone and consolidated. In standalone reports, the financial performance of a single unit is displayed. Whereas, consolidated or consolidated financial reports report the entire companies.
Maruti Suzuki Motor Gujarat merger
Along with the quarterly results, the board of Maruti Suzuki India has approved the merger of Suzuki Motor Gujarat Private Limited. Last year, Suzuki Motor India acquired Suzuki Motor Gujarat Private Limited (SMG). After which it became a 100% subsidiary of Maruti Suzuki India.
The Government of India formed Maruti in 1981.
The company established itself on 24 February 1981 as Maruti Industries Limited under the ownership of the Government of India.In 1982, the company formed a joint venture ‘Maruti Suzuki India Limited’ with Suzuki Corporation of Japan.
The first budget car for Indians, the Maruti 800, was launched in 1983. At an ex-showroom price of Rs 47,500, the company enabled a large section of the country to buy a car. It has sold about 3 crore vehicles in the country in the last 40 years.
