Friday, July 11, 2025
  • Login
Euro Times
No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
Euro Times
No Result
View All Result

Maruti Suzuki Q1 result: Massive jump in profit, stock gains 1.5% – key highlights

by zee business
July 27, 2022
in Business
Reading Time: 4 mins read
A A
0
Home Business
Share on FacebookShare on Twitter


India’s largest automotive maker Maruti Suzuki India Ltd (MSIL) on Wednesday reported over two-fold bounce in its consolidated web revenue within the first quarter of the monetary yr 2022-23. 

MSIL’s web revenue jumped to Rs 1,036 crore primarily resulting from a low base within the year-ago interval when the corporate had reported Rs 440.8 crore revenue. The corporate’s manufacturing was hampered by COVID-related disruptions. 

The corporate offered a complete of 467,931 automobiles throughout the quarter with exports being the best ever at 69,437 items. 

The auto main has hiked costs six instances from January 2021 to June 2022, whereas chopping again on reductions as demand rebounded from pandemic lows. 

In the course of the quarter, MSIL registered web gross sales of Rs 25,286.3 million as towards Rs 16,798.7 in a yr in the past and the working revenue stood at Rs 1260.7 crore towards Rs 77.9 crore million in Q1FY22. 

EBITDA (earnings earlier than curiosity, taxes, depreciation, and amortization) margin, a key measure of profitability, got here at 7.2 per cent throughout the quarter from 4.6 per cent year-on-year.  

The rise in costs of commodities adversely impacted the working revenue in Q1FY23, Maruti Suzuki mentioned in its outcomes alternate. “The corporate was compelled to extend costs of automobiles to partially offset this affect and the revenue earlier than tax was additionally impacted by the non-operating revenue being decrease on this quarter resulting from mark-to-market loss.” 

“Scarcity of digital elements on this quarter resulted in about 51,000 automobiles not being produced. Pending buyer orders stood at about 280,000 automobiles on the finish of the quarter and the corporate is making efforts to serve these orders quick,” the corporate mentioned in a regulatory submitting. 

Shares of Maruti Suzuki gained over 1.5 per cent to shut at Rs 8660.05 per share on the BSE as towards practically 1 per cent rise within the S&P BSE Sensex.  





Source link

Tags: gainshighlightsjumpKeyMarutimassiveProfitresultStockSuzuki
Previous Post

Erin Miles, Bridgewater Associates – Who Will Prove Most Vulnerable to the Pullback in Liquidity? (The Best Investment Writing Volume 6) – Meb Faber Research

Next Post

Protesters enter Iraqi parliament, chant curses against Iran

Related Posts

Elon Musk’s SpaceX set to launch Israel’s Dror satellite

Elon Musk’s SpaceX set to launch Israel’s Dror satellite

by Assaf Gilead
July 11, 2025
0

On Sunday morning US billionaire Elon Musk's SpaceX's Falcon 9 rocket will launch Israel Aerospace Industries (IAI) Dror 1...

Apple iPhone 16e, Samsung Galaxy S24 Ultra, OnePlus Nord 5

Apple iPhone 16e, Samsung Galaxy S24 Ultra, OnePlus Nord 5

by NDTV Profit Tech
July 11, 2025
0

4. iQOO 13 (Ace Inexperienced): Rs 52,999 (Down From Rs 61,999)Outfitted with a 6,000mAh battery, 6.82-inch FHD display screen, 50MP...

Crude oil futures gain as Trump plans major Russia statement 

Crude oil futures gain as Trump plans major Russia statement 

by Euro Times
July 11, 2025
0

At 9.53 am on Friday, September Brent oil futures have been at $68.79, up by 0.22%, and August crude oil...

US stocks: S&P 500, Nasdaq rise to record highs boosted by Nvidia record valuation, strong Delta forecast

US stocks: S&P 500, Nasdaq rise to record highs boosted by Nvidia record valuation, strong Delta forecast

by Euro Times
July 11, 2025
0

The S&P 500 and the Nasdaq Composite rose modestly to publish file closing highs on Thursday, boosted by an upbeat...

Furniture Insider: Data and Trends for Resellers (2025)

Furniture Insider: Data and Trends for Resellers (2025)

by Andrea Vargas
July 10, 2025
0

The furnishings class is rapidly increasing in each quantity and recognition. Main manufacturers and retailers depend on B-Inventory—the world’s largest...

Saratoga Investment Q1: ROE Beating The BDC Industry Average (NYSE:SAR)

Saratoga Investment Q1: ROE Beating The BDC Industry Average (NYSE:SAR)

by David Johnson
July 10, 2025
0

This text was written byObserveDavid A. Johnson is founder and principal of Endurance Capital Administration, a New Jersey Restricted Legal...

Next Post
Protesters enter Iraqi parliament, chant curses against Iran

Protesters enter Iraqi parliament, chant curses against Iran

FOMC Meeting Day – Rate Hike Possibilities & How the Markets Might React

FOMC Meeting Day - Rate Hike Possibilities & How the Markets Might React

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Why ACA health insurance premiums may see ‘sharp’ increase in 2026

Why ACA health insurance premiums may see ‘sharp’ increase in 2026

July 11, 2025
PEP, Supportive Care, and More

PEP, Supportive Care, and More

July 11, 2025
Research Predicts 0,000 Bitcoin By EOY, If Treasury Firms Hold

Research Predicts $160,000 Bitcoin By EOY, If Treasury Firms Hold

July 11, 2025
Russia develops Mi-80 to replace iconic Hip helicopter

Russia develops Mi-80 to replace iconic Hip helicopter

July 11, 2025
Elon Musk’s SpaceX set to launch Israel’s Dror satellite

Elon Musk’s SpaceX set to launch Israel’s Dror satellite

July 11, 2025
Corn Sticking Close to Unchanged at Midday

Corn Sticking Close to Unchanged at Midday

July 11, 2025
Euro Times

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Finance
  • Health
  • Investing
  • Markets
  • Politics
  • Stock Market
  • Technology
  • Uncategorized
  • World

LATEST UPDATES

Why ACA health insurance premiums may see ‘sharp’ increase in 2026

PEP, Supportive Care, and More

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In