InvestorQ : What were the highlights of the Maruti Suzuki quarterly results for Sep-20?
Tisha Malhotra made post

What were the highlights of the Maruti Suzuki quarterly results for Sep-20?

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Moii Chavate answered.
3 weeks ago
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For the Sep-20 quarter India’s largest passenger car manufacturer, Maruti Suzuki, reported 16.33% higher sales at Rs.18,756 crore. Volumes were back to pre-COVID levels as the operating profits for the quarter was sharply higher by 68.81% at Rs.1,227 crore.

However, the net profits were up only marginally by 2.05% at Rs.1,420 crore. While the OPM was up more than 200 basis points at 6.54%, the NPM for the quarter weakened by 100 basis points to 7.57%; more due to higher other income in the previous year.

In Sep-20 quarter, Maruti sold 393,130 vehicles; a growth of 16.2% yoy. There was a diverse trend visible. Sales in domestic market were higher by 18.7% while the sales to the export market were lower by 12.7% as global trade pressures continued.
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