Maruti Suzuki reported a net loss of Rs 249 crore for the Jun-20 quarter, its first quarterly loss in 17 years. It had posted a net profit of Rs.1435 crore in the Jun-19 quarter. This steep fall can be attributed to the COVID-19 pandemic hurting sales. However, the lower business quotient was partially compensated by lower expenses via cost control measures.

Total revenues for the Jun-20 quarter fell by 80% to Rs.3678 crore. However, the financial results may not exactly be comparable with earlier quarters, due to the ephemeral impact off COVID-19. Maruti faced zero production and zero sales for a better part of the quarter. The stock ended lower and has already corrected 50% from the peak.