Maruti Suzuki Q2 Results: Net profit falls 17% YoY to ₹3,069 crore, revenue flat; stock slides | Stock Market News
Source: Live Mint
Maruti Suzuki India, the largest passenger car manufacturer in India, on Tuesday reported a net profit of ₹3,069.2 crore for the second quarter of FY25, registering a fall of 17.4% from ₹3,716.5 crore in the same quarter last fiscal year.
Maruti Suzuki’s revenue from operations in Q2FY25 increased marginally by 0.4% to ₹37,202.8 crore from ₹37,062.1 crore, year-on-year (YoY).
At the operating level, the auto major’s earnings before interest, tax, depreciation and amortisation (EBITDA) during the quarter ended September fell 7.7% to ₹4,417 crore from ₹4,784 crore, while EBITDA margin compressed by 100 basis points (bps) to 11.9% from 12.9%, YoY.
Maruti Suzuki share price plunged after the company’s Q2 results failed to impress the Street. At 1:40 pm, Maruti Suzuki shares were trading 5.05% lower at ₹10,902.40 apiece on the BSE.
(This is a developing story. to come)
