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31-Jul-2024

Maruti Suzuki India

OPM jumped by 345 bps


'For quarter ending June 2024, consolidated Net sales (including other operating income) of Maruti Suzuki India has increased 9.97% to Rs 35779.4 crore compared to quarter ended June 2023.  Operating profit margin has jumped from 10.82% to 14.27%, leading to 45.08% rise in operating profit to Rs 5,106.60 crore.  Raw material cost as a % of total sales (net of stock adjustments) decreased from 56.84% to 54.92%.   Purchase of finished goods cost rose from 14.83% to 15.20%.   Employee cost decreased from 5.16% to 4.77%.   Other expenses fell from 12.35% to 11.27%.   

Other income rose 1.24% to Rs 1060.5 crore.  PBIDT rose 35.02% to Rs 6167.1 crore.  Provision for interest rose 23.23% to Rs 57.3 crore.  

PBDT rose 35.15% to Rs 6109.8 crore.  Provision for depreciation rose 1.34% to Rs 1331.7 crore.  

Profit before tax grew 49% to Rs 4,778.10 crore.  Sh...



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