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27-Oct-2023

Maruti Suzuki India

Sales Volume up 6.69% in Q2 FY24

'For the quarter ending Sept 2023, consolidated Net sales (including other operating income) of Maruti Suzuki India has increased 23.81% to Rs 37072.8 crore compared to quarter ended Sept 2022. Operating profit margin has jumped from 9.25% to 12.92%, leading to 72.88% rise in operating profit to Rs 4,790.30 crore.  Raw material cost as a % of total sales (net of stock adjustments) decreased from 43.99% to 32.34%.   Purchase of finished goods cost rose from 29.23% to 38.87%.   Employee cost decreased from 3.79% to 3.48%.   Other expenses fell from 13.78% to 12.66%.   

Other income rose 38.40% to Rs 829.3 crore.  PBIDT rose 66.75% to Rs 5619.6 crore.  Provision for interest rose 14.33% to Rs 35.1 crore.  Loan funds declined from Rs 624.90 crore as of 30 September 2022 to Rs 392.50 crore as of 30 September 2023.  Inventories rose to Rs 4,766.50 crore as of 30 September 2023 fr...



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