Maruti Suzuki Q1FY22 Results: Net profit at Rs 440.8 crore, revenue improve more than four times to Rs 17,770.7 crore
Mumbai/IBNS: Maruti Suzuki posted a net profit of Rs 440.8 crore in the first quarter of this fiscal year against a loss of Rs 249.4 crore in the same quarter last year.
The car manufacturer's revenue jumped more than four times in Q1FY22 to Rs 17,770.6 crore compared to Rs 4,106.5 crore in Q1FY21.
The company said its Earnings Before Taxes, Interest, Depreciation, and Amortization (EBITDA) for Q1FY22 came at Rs 821 crore while the EBITDA for the quarter ended June in 2020 was Rs 863.4 crore.
In the June quarter, Maruti Suzuki sold a total of 3,53,614 units and the sales in the domestic market stood at 3,08,095.
In terms of value, the company recorded a net sales of Rs 16,788.7 crore in Q1FY22 compared to Rs 3,677.5 crore in the same quarter last year.
The company said in a BSE filing that a comparison between the parameters of Q1FY22 with that of the last year is not meaningful as the disruption due to the pandemic was far bigger during that period.
It also said that the sales in Q1FY22 were far below the previous high of Q1 of FY19.