In the December quarter of FY 2021, the country’s largest carmaker Maruti Suzuki has reported better profits than anticipated.
new Delhi. The country’s largest carmaker Maruti Suzuki has released the third quarter results. The company reported better-than-expected profits for the December quarter of FY 2021. The company’s profit in the third quarter increased by nearly 24.1 percent to Rs 1,941.4 crore on an annual basis. Whereas the company had a profit of Rs 1,565 crore in the third quarter of last year.
Income rose 13.3 percent
The company’s revenue in the third quarter grew by 13.3 per cent to Rs 23,458 crore as against Rs 20,707 crore in the third quarter of last year. According to CNBC-TV18 poll it was estimated to be Rs 23,655 crore.
EBITDA up 5.9 percent to Rs 2,226 crore
The EBITDA of the company increased by 5.9 per cent to Rs 2,226 crore in the third quarter, from Rs 2,102 crore in the third quarter of last year. According to CNBC-TV18 poll it was estimated to be Rs 2,514 crore. The company’s EBITDA Margin stood at 9.5 per cent as against 10.1 per cent on an annual basis in the third quarter. According to CNBC-TV18 poll it was estimated to be 10.6 percent.
The tax expense of the company has increased from Rs 441.6 crore to Rs 508.4 crore on an annual basis. At the same time, the company’s realisations in this quarter have been Rs 4.73 lakh per unit.
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